Anatomy of a big move up

When the fed lowers the interest rate it makes stocks look attractive as if they are a better investment than a bank yield. It is very possible yesterday’s low at 1256.98 marked the bottom of this cycle. It did reach the range I mentioned here a few weeks ago. And I am looking for the low to be this week regardless based on cycle analysis. So what will give us confirmation that a wave count has begun to the upside? We will need to see higher highs and higher lows. The slow band of moving averages I have displayed here (20 day 4 hour chart)will have to act as support for the fast band. We are at that Support/Resistance line, the line in the sand, I posted here.The fast band has yet to rise above the slow band so we will just have to wait and see.