#EPZ7 : S&P future, a hike expected

S&P has exited the down trend channel, the one it began since 3/7/2007, and it exited from this channel since 30/8/2007 and it is now in the middle of wave (3) as i think, wave (2) was a sharp one.
for the second day it closed above 61.8% Fibonacci, while all indicators in a balanced area and indicate a growth in price and all of them are going up, which give a buy signal, also an inverted head and shoulders which targets 1570 price area, and i think it would be a good area to the end of wave (3) and this equals level 100% Fibonacci.
The current contract "October 2007" just opened on last wednesday, i think it's suggested to get this target withen the next week.