SPY - Start of Wave 5?

Updated
Undoubtedly, most are bearish and I also am as just the pure interest rate situation would require that market prices adjust lower. But I started the year off with a bullish outlook and need to add some calls here this morning, just in case we did complete wave 4 and are headed higher in a wave 5 move.
Note
snapshot Island reversal. A bullish signal?
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