God only knows what will happen but this might be a long setup. So it could pop up at the 50 or 618 fib, or at the lower part of the channel. Or it could just fail and the setup would be wrong. Do your own analysis. Be well!
Possible SPX scenario. The mini TL is broken, my Stoc says a little correction is possible but not a big drop until we test the super TL above. My wave count puts this as a possible Wave B (upwards) after having completed 1-5 and A (beginning of correction). The odds of this being correct are low, like with any forecast of the future, so trade according to...