EW ma's 13 and 34 making a bull cross - might indicate a BTFD at red c.
If corrective 3 wave up pans out it should be a 88.6 retrace.
SP did make a 5 wave down so a corrective 3 waves up making a wave 2 - could def. pan out
has broken out above resistance but still in overbought area on the 4h chart.... have to show strength after having made the red retrace
As always.... time will tell