S&P500 may be reversing

I have been watching price level around 3060 as a key point for various reasons (200 SMA in daily chart, and also previous significant swing low. I will post more details in my blog). Wave count suggests 5 wave down may have ended (or is ending at least). I am expecting the price bounces back soon at least on the short-term. But I don't think price will go back to the previous high anytime soon. This is short-term swing trade.