S&P 500 moved into some interesting support last week, with very slow price action and overlapping wave structure that gives us an idea for a potential ending diagonal in wave C or maybe even a leading diagonal in wave A from the highs, but both counts suggested a recovery. So far we have seen a turn-up, and even more, gains will be expected this week towards 3400 while the index is trading above 3250 level.

S&P 500, 4h

Check the video below for my recent view.