Next steps should be weakness for the bullish cause, therefore Fiesta Brava (Spanish name for bullfight. I used that phrase as a metaphor: The bull fights, but everyone knows what its ending will be...)
There are some arguments as the chart below. But, I cant rule out a new rally towards 115x which make the path complicated: 1) we can test 1130 area and rally back up or 2) run directly towards 1153 and then drop. I am afraid #1 is more probable but in any case I expect a steep sell off towards 1095-1100 after.
Anyways, enjoy the party :)
DIA.
Remember DJI and DIA did not make a higher high on this last rally, so they may well be our leading indicators.
update:
Another view of Industrials: YM and Diamond pattern (reversal)
