Heya Martin,
I have posted below the Monthly, Weekly and Daily Dow-- same as what you got. It looks like its approaching maximum extension however there is nothing to me immediate there which suggests an impulse south.
The weekly and daily is forming an impulsive bearish structure however it really has potential to rise another 1600 points from here (24,000 level) before it reaches the triangular tip (which could still be upwards 3 months away). Until then trend still looks good, daily structures still have the bullish edge.
Even with that impulse south we still get a 20k dow and most likely get support at the purple structure lower line for perhaps another wave north to take out accumulated shorts again (perhaps another new high) before the proper correction breaking that purple structure
These are my thoughts on the matter...other thoughts really appreciated...
