The S&P500 is showing a bullish breakout. Price is breaking away from the 21 ema zone which often indicates strong momentum.
The daily chart could indicate the end of a triangle chart pattern. Price seems to have completed an ABCDE wave because price has broken above the top of wave B. This could be a new bullish wave 3 but a pullback could occur to the 21 ema zone on the daily chart, which could be an interesting area for entries. Eventually a bullish continuation is expected.