hi bella81.i feel there should be a pull back soon but a...

hi bella81.
i feel there should be a pull back soon but a possible pull back should only be looked at as another area to buy.
there are a number of fib resistance levels between now and your $55 target.
the sp is at present walking the top bollinger band on the daily chart and now hit the top bollinger band on the weekly chart so once again a pull back is on the cards.
the last 3 trading days has seen good volume.
today at present we are in a tight trading range so we could be forming a inside day today, if so where the sp closes friday is very important for short term traders.

a break to the downside (out of this possible inside day) friday could see the sp trend down to the .382 support fib of 46.51.
a break to the upside friday (out of this possible inside day) could see the sp walk the weekly top bollinger band up to the .618 fib extension target $48.75.
below is a old chart using bollinger bands and inside days as possible turning points.

have a good one.
582