S+P 500 heading towards the next technical rebound objective?

The Nasdaq 100 was not the only US stock market index in focus yesterday evening ahead of and after the closing bell. The index had fallen to a low at 5,433.24 at one point yesterday afternoon, not long after the opening. That fall was all about the US GDP and PCE data. However, as the markets absorbed all that and gave the US president and his team a pass on the reasons behind it, the S+P along with the other US indexes recovered that early fall and actually closed higher. The index ended the session just 8.23 points higher, at 5,569.06. Then the Q1 results from Meta and Microsoft delivered gains for the S+P 500 futures after the close and it has earlier today reached an indicative opening level close to 5,630. There is much to add on this today, because the further rebound in the index is taking it closer to another potential corrective rebound objective, at 5,646.10. That price point represent a 61.8% rebound of the fall from 6,147 to 4,835. The S+P 500 is currently priced to reopen around 5,618