I like your count, but this could be a bull trap. I don´t know and only time will let me know. However, as long as the market continues to trade long, I am going with the short term trend. If the spx daytime hits a brick wall in the 2003 to 2035 range I would perceive this to be a bear market rally. Break 2035 on a stong daily close and hold it, would think price could trade higher.