A technically positive close for the S+P 500 on Friday- where is the next objective?

On Friday the S+P 500 did push above a technical rebound objective, at 5,329.52 (38.2% of the 5,669-5,119 fall). The index rose to a session high at 5,358.67 and later closed out the week at 5,344.16, with a gain of 24.85 points on the day and above that Fibonacci level. In terms of further rebound objectives, the next level could be at 5,394.46. That is a 50% price point recovery of the noted fall. As also noted here last week; if the index were to reach that level it would also perfectly fill a price gap it left open on August 2. Once again, that is not to say the index will necessarily do that, but more so to point out the technicality of this current rebound. The index futures are currently not much changed from where the index closed on Friday in terms of pricing the reopening for later today