I've had a major target around 31,200 - 31,300 on DJIA for about 10 years now. The symmetry looks compelling for a significant top. Went pretty heavily short (hopefully for a multi-week trade) when we popped above 31,200 and will stop out on close above 31,550.
Thanks for sharing your chart and ideas here! I do think we're getting ST toppy here, though perhaps an IT top from a bit higher. I do see a difference between the first and second periods on your chart as the first was in the midst of a 13-year bear market cycle, and the second was in the midst of a 26-year bull market cycle, so this period would be more like the second, rather than the first.
I do see the possibility for a sharp and fast decline in 2023-24, to mark the Hurst 18-year cycle trough, perhaps like what happened in 1987, though overall, I see the US markets continuing upward into ~2032.