SPX500 BOUNCES OFF FIBONACCI SUPPORT! Heading back up?

The SPX500 bounced off 61.8% Fib support in Bullish Impulse.  Yesterday actually fell through the 61.8 support reaching as low as 2856.19 before bouncing.  The move up since is counts a 1-2 or an A-B so far.  Price has been dropping all night and still is though so look out. 

Down at the 3-minute chart you can see that five waves complete at the 2110.17 Oct 3rd high put in in the early afternoon.   From the index dropped to the 2808 and bounced up in 3 waves to the 2919.44 put in early this morning.  The we get a drop in what counts are an ending diagonal as it stands now.  Notice the test of the 2808.70 low Blue-A low.  Be careful though.  The move still looks weak to the downside.  Price needs to get up over the upper diagonal trend line. 

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