Sometimes, it just looks right; complete and topping:
On this daily chart, it will take a move below 966 on the SPX to confirm a completed five wave move up and suggest a decline to the area of the previous wave four, around 850. If that were to occur, we can assess the viability of further decline, or another rally, at that time. For now, the count looks right, resistance clear (horizontal blue line, generated from the previous wave 3 high) and a possible top at hand.
A more aggressive short can be gleaned from the 60-minute chart:
My trade of the week will be to go short if the SPX falls below 995 as per the above Blue Wave sell level. If the market rallies further, I'll probably stand aside, unless momentum dramatically improves. Absent such a scenario, the risk:reward at this point is on shorting weakness.
One more chart.
GFRE is now up over 300% from my original post last December:
The weekly chart is suggesting another 100% from current prices, but I'm taking some off the table here, to lock in a very nice profit and letting the rest roll-up higher, at least until gravity comes back from vacation.