Here the market is breaking through the 38.2% like a knife and butter. This is looking very much like a longer term bull trend continuation from a wave perspective with all the signals skewed towards the topside.
Target-wise the next line in the sand comes into play at 13,348 which is the ABC target in the sequence. A break through here will confirm that the move is impulsive and increase the chances of a new high over time (in simple words a wave III).