SPX -  thanks Steve, I love these projections...still very useful even when not taken as gospel (some people want black and white projections/guidance, but trading doesn't work that way).  

I think your current ST projection plays out and completes wave A of a major bear market correction that finishes either at  4368 (6.18% fib) or 4567 (78.6%).  Market always catches the most people off sides, and a rally to those levels would do the trick. Also, a rally up and out of the current channel matches up well with my theory that when prices violates trend channel in the direction of the trend (as happened 16 - 17 June), a reversal is imminent and it will take price up and out of the other side of the channel and establish a new channel in the other direction (probably very short term in this case).  I think 3200 is in the cards, but probably not until November or so (unless the slope of the bear market changes).