SPX500 - Might be time for a correction

As long as SPX stays above 1990 I'm bullish but a correction seems likely from here now . Wave 5 of minor wave 1 barely stuck it's head out above the extreme of minor wave 3 but I count 5 waves up so I reckon wave 1 (of wave 3) is complete. If this plays out a great opportunity will present itself to catch wave 3 of wave 3 which should be fast and furious and that's the way we like it. :)

Long term picture is still valid: