Hopefully it reverses the trend. Last 2 didn't and the set ups are all very similar. At the very least we get a rally if the pattern repeats.

3.03 - 3.70 - 3.04 - 4.09 - 35% close to 1.38

2.45 - 3.15 - 2.45 - 3.74 - 50% close to 1.5

1.35 - 2.09 - 1.36 - ? - In keeping with fibonacci, maybe this does ~ 1.62x. That brings the sp back into the 2.20 range.

Let's call it 2.25 or higher this time.

The 60 min chart shows accumulation and money flowing coming in which could be considered a good thing.