The index successfully rebounded on the 1W support/ Higher Low cross (2,600) and immediately broke the previous 1D Channel Down (STOCH = 67.897, Williams = -37.898, B/BP = 12.6380). This is creating a very bullish long term development on S&P with a new 1D Channel Up emerging. The long term uptrend of 1M (RSI = 60.871, MACD = 144.470) should provide the necessary bullish support during this post earnings period and especially after Thursday's rate is announced. We remain bullish with TP = 2,785 (1W Gap Fill) and 2,900 the extension.