Looking at the S&P on Log scale, you can clearly see 5 waves up. 2001 crash was wave 3 completing point D and 2008 crash was wave 3 completed. From then on we have been on the 5th wave. In my opinion we are currently on the 5th wave of the 5. By looking at Fib extensions seems like 3000 is the area to be looking at for reversal.
The Rsi also seems to be forming bearish divergence on this last push upwards.
The Rsi also seems to be forming bearish divergence on this last push upwards.