We have seen a bull trend forming since 2015-08-18 & my approuch is from an Elliot Wave perspective. We saw the SPX find support at the 50% Fibonacci & as I see it we are heading more down to meet the support of 1738.
Cost made it over the recently high we saw at 145, I see good potential for it to reach 152~ The reason why is because I don't see that it started the Bearish market yet and it need to go to 152~ to start it