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 closed: target reached
Nice pullback to the second TP zone, with a decent bounce to end week I think. Trade closed: target reached
Final target reached 
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.