I see alot
of indications of a reversal there is triple bullish divergence
on the h2 and more on other time frames. This was a a retail trap and influenced over-reaction to the news of the rate hike. But funny thing is though this wasnt news really, the market had already priced in this rate hike when it was announced there would be multiple hikes before the ending of the year. lol I dont trade fund reall however I do incorporate them so another reason to support this being a correction is to earnings
which are suppose to be good and rally leading into elections. My previous wave count was incorrect by one wave either way it really hasnt changed anything. 3050-3100 is going to be the final target for this last wave up. Check out the notes on the chart because SCMR has a great system that I've used in the past and will continue to use from here on out. Happy Trading!