SPX hit targets, now what? S&P500 to retrace?
Aggiornato
This is a followup to my bottom call on October 30th: 
Then came the mid-term election which may have caused the dip in first place (uncertainty).
Wall Street was apparently quite happy with the election results.
Although my guess is that money was waiting on the sidelines, looking to scoop up stocks based on the election.
Now the Index price is at recent high, in an extended wave 5.
If it indeed an extended wave 5, then a sharp and deep correction is possible.
So I am looking for a pullback, but FIRST maybe a ''blow off'' top to take out stops just above previous high.
Thus I have three zones of interest.
Then came the mid-term election which may have caused the dip in first place (uncertainty).
Wall Street was apparently quite happy with the election results.
Although my guess is that money was waiting on the sidelines, looking to scoop up stocks based on the election.
Now the Index price is at recent high, in an extended wave 5.
If it indeed an extended wave 5, then a sharp and deep correction is possible.
So I am looking for a pullback, but FIRST maybe a ''blow off'' top to take out stops just above previous high.
Thus I have three zones of interest.
Trade chiuso: obiettivo raggiunto
Nice pullback to the second TP zone, with a decent bounce to end week I think. Trade chiuso: obiettivo raggiunto
Final target reached 
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