The break above 1,312.71 yesterday has opened up for a continuation towards the 1,360 - 1,380 area. Support is now found at 1,308 and more importantly 1,295.20 would be a seriouse warning that a top is in place for a decline lower towards important support at 1,276.40 and a break below here confirms the top.As we are in the later part of wave 5 it's not the time to become overly bullish, but we do have to respect the trend, which is still clearly up.
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