SPY False breakdown?

Looking at how the SPY broke down below "support" posted before. Rats! , oh well stand back, reassess the situation and looky here, there is strong RSI divergence. I'm thinking that this is a false breakdown to trigger stop losses. We'll then see a reverse up to the larger Cypher pattern shown. Since support was broken from last post, we can see the 1.27 extension as a possible downside target for point C in the buy zone. However SPY price just went into the buy zone (close to 1.27), so we'll see if we get another crack at the lows to buy calls. It should be an bullish week up to the point D target. Of further note we see 5 waves down as shown. So either this is an ending C wave of a larger count, or a motive wave in a larger bearish count, So I'm just gonna try for the point D target and see how things look from there.