SPX retracement levels

SPX bounced off its 38.2% retracement level almost to the dollar. A 38.2% would have been 1014, the SPX rose to 1018 before starting down. I'm not shorting based on this, however it was wise to be cautious and take profits. The chart I have here shows the fibonacci retracement levels from SPXs last dip to its last high. A correction into the 940-960 area seems to be the best bet, and at that point I will start buying again... slowly. As the SPX rises and proves to beat resistance over its last high at 1018 with good volume, I will buy stocks more aggressively. As of right now, this correction is long over-due.