Minor Wave 4 correction is coming

The market reached an all time high as I had been expecting now for a while and this moves confirms the LT Intermediate Wave 4 was the WXY move from 1687 to 1560. So now that we got out of the way, the game plan will be to catch a good trade set up to enjoy the rest of uptrend for the next few weeks or perhaps months. The current structure from 1560 is currently 133 points with negligible corrections and it seems like the next substantial correction will be a W4 that will be followed with a W5 targeting 1700+. So perhaps the market is close to the W3 peak and we will see a W4 start sometimes next week? I'd like to short a 5 wave completion but it will be very tempting if the market makes it to 1700-10 level. We'll see what the market does tomorrow since tech will probably drag the market after Google and MSFT earnings results. And Google btw is probably the one stock I would feel comfortable holding for the long term out of all tech companies so I might just buy me some Google on the correction. As this world becomes more tech oriented, Google will be grabbing a huge share specially since Yahoo and Bing/MSFT will continue to fall further behind.

Main S&P 500 Trends*

Short Term Trend = Bullish

Medium Term Trend = Bullish

Long Term Trend = Bullish

* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking into consideration other factors.