We are very close to DeMark High pivot on daily, already above the R1. This month this high is higher than previous.
For those swing traders those can a bit average in it makes very high probability shorts - if trade will go against them they will get chance to go out and the downward potential is large.
I will be very very careful with any long above 1050 - reversal will be quick.
I do not believe that MM will take it much higher this mont as we are now.
Edit. Their weapon of trashing US dollar to lift stock start to be overexposed as well.