Nothing in the price action of the S&P 500
The triangle on the S&P 500 that we were watching on Monday broke down into a more protracted move lower in our "alternative" wave count on Tuesday (using Elliott Wave theory). This is worth continued observation. (The S&P 500 closed Tuesday's session at 2065.89.)
It's too soon to declare oneself in the bull camp. One needs to see a better setup or a solid breakout. But that does not mean there isn't the potential for higher highs even in the more bearish wave count scenario.
If the index breaches 2053, with follow-through below the 2047 breakout level, however, then it will be heading down to the 2000-2020 support region.