For that to happen the green line needs to cross over and the signal line to rise. At a very minimum the green line needs to be above. Last 2 days it climbed over , so only now it's primed for a SPY move higher.
If it does we'll still have dips to ride along. Last few months showed us that volatility is increased and I don't think it will go away any time soon. Meaning bears/shorts will make some money too.