Opening Call -08/30/22 - Bullish

My prior post noted the bears were exhausted. They were not. On 08/29/22 the SPX made more downside progress.
The SPX appears to have formed a bullish Cup with handle formation.
There's a good chance that a move above 4072 could trigger a rally up to the .618 retracement of the recent decline.
A move below 4026 could triiger a move down to the 08/29/22 low.

Mark