Looking at the S&P from an EW perspective and it appears we could be seeing a WXY or WXYXZ correction in the making now. I don't believe this bounce will bring us that much higher before the next wave down as the momentum is showing increased acceleration. Could bring us to 1900 - 2000 level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.