following the major indices, the SPX has reached a major support area that you can see is playing a key role in the last 3 months as well as 7 and 8 months ago { on Sep 2021 and Oct2021 } and is very likely as the prices are "low" repetitively and comfortable to start buying back in we just might see a rally; and as Tesla is the main topic and just had a blast of a Q1 earnings report and the future outlook is very positive with two new factories the price action {+fomo} might push TSLA to test the 1100$ area and if it will retain the momentum just might make it to 1,136$.
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simply look at the SPX on the weekly chart and you surly will be able to recognize the Inverted head and shoulders pattern.