SPX hit targets, now what? S&P500 to retrace?

2018年11月8日

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.

2018年11月9日

交易結束：目標達成

Nice pullback to the second TP zone, with a decent bounce to end week I think. Lets see what next week brings!

2018年11月12日

交易結束：目標達成

Final target reached am now plotting the next possible moves, will post a new idea later today after market close