1455.00-1457.00 or 1451.75-1446.37?

I will be on vacation and will be back on Wednesday 10/10. Happy trading and invest to all my blog's visitors.
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The rise since 1329.24 is clearly motive impulse waves (5-waves non-overlap pattern).
The rise from 1396.56 is likely a wave 5 extended and my target would be 1494.00.
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The pre-market for Monday hints a further pullback of the index after the Friday's high at 1467.07 was made. If  the supports 1455.00-1457.00 could work and the index could bounce the next day, it might be an inverted H&S (head and shoulders) pattern. If bears could go further and drive the index down to 1451.75-1446.37, it could be an ABC mode in a bigger frame.

Bulls target today would be 1465.00 +/-

The rise since 1329.24 is clearly motive impulse waves (5-waves non-overlap pattern).
The rise from 1396.56 is likely a wave 5 extended and my target would be 1494.00.
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It's very likely the index had finished the ABC mode correction and would pave the way to 1494.00.
I don't rule out a cautious scenario that the index could reach 1469.00 +/-, turn south again to visit 1446.37, then turn north to resume the main trend and finish the target 1494.00.
In any case, my first target for bulls today would be 1465.00 +/-. Bulls need to get there, a minimal pullback then is allowable before the next fight (probably next Monday) for 1469.00.

The pullback from 1474.51 is likely to end in ABC mode

12:05PM Update
So far so good for my plan. Also watching AGQ, the Silver agent.

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The rise since 1329.24 is clearly motive impulse waves (5-waves non-overlap pattern).
The rise from 1396.56 is likely a wave 5 extended and my target would be 1494.00.
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The index yesterday made a double top pattern at 1465.15, just a hair missing from the low target 1465.32. The double top pattern is bearish and the pre-market is adding a confirmation to this attribute.
The pullback from 1474.51 is about to resume today which, if can make a lower low than 1456.13 will fit the ABC correction pattern.
I expect the point C of this correction, in a worst case, would be somewhere between 1453.63-1451.75. At this level, the buy on dip would be triggered and the index may end the corrective wave 4/5 to start an impulse wave 5/5 for the target 1494.00.

Bulls would fight for the first target area 1465.32-1467.49

The rise since 1329.24 is clearly motive impulse waves (5-waves non-overlap pattern).
The rise from 1396.56 is likely a wave 5 extended and my target would be 1494.00.
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My yesterday's update at 12.46 pm: "Looks like 1456.13 holds. If it can hold till 2.00 PM, I think the pullback was done and We would see the Wednesday in green."

It's very likely that the main bullish trend to resume today and the index's first target area is 1465.32-1467.49.
The very solid support area for the index in a bearish case is 1451.75-1446.37.

Silver
Silver is expected to break out the $35.1559 in next few days.

The pullback's target area 1451.75-1446.37 is approaching

12.46  PM Update
Looks like 1456.13 holds. If it can hold till 2.00 PM, I think the pullback was done and We would see the Wednesday in green.

The rise since 1329.24 is clearly motive impulse waves (5-waves non-overlap pattern).

The rise from 1396.56 is likely a wave 5 extended and my target would be 1494.00.

The pre-market hints a continued pullback today to test the support 1451.75-1446.37. At this support level I would like to add longs.