At the weekly chart level, the market reached the next cited target zone where w.5 = w.1 at 1364 and the 1.236 RF extension of w.3 and w.4 (1343 -1243.25) at 1366.5. Also note that the Detrend Osc. challenged upper resistance and has turned down. This was expected if the fib zone was to provide resistance to further price appreciation. However, the bullish count could still be subdividing and today's decline is only a minor set-back that will be quickly recovered (see bullish count below).
While today's decline was minor in terms of points, the alternate count is still viable. Another alternate is that w.4 will unfold in an expanded flat (not shown). Watch for the sell off to pick up steam if this count is unfolding.
At the intraday chart level, the subdivisions indicate that w.(v) of w.5 was an extended wave, however as I mentioned earlier, the bullish count could still be subdividing as indicated by the alternate count where today's high marked w.(iii) and where w.(iv) is now unfolding. Once complete, the rally will resume for a possible test of 1372 (see weekly chart above). Over the next few trading days the wave pattern should resolve. In the interim, look sideways to down for tomorrow.
I hope you found this information helpful and...
Best of Trading
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