SPX Pattern(s) - I follow the commentary and projections that Steve and Matt suggest with interest. However, even they disagree at times so this talk about "pattern failed!" is a bit unwarranted, imo. This is not an exact science! For myself, you will see a wide dashed red line at 4375 on every chart of SPX I've posted for quite a while now. I don't have the wave analysis skills to know how we could get there but thought the 61.8% retrace might be a possibility in this rally. That could be wrong too and I'll have to adjust, again. Don't lose your nerve and ditch your plan in the middle of a challenge (I'm probably talking to myself here). Even if this isn't a bear market rally, we're not going straight to new highs. 

It simply means it's extending - that's why they are simply guideposts.  The key to the prevailing uptrend is that CHANNEL