Not a prediction per se, but since trendlines are usually exceeded slightly before price action fails, 1150-ish is not out of the question, which would give the $SPX a symmetric right shoulder to match the left shoulder roughly in height...
Looking now at both the $SPX and $RUT, I can see that the steeper precomputed trendlines are contained within the less steep precomputed ones (look at the top example both in this post and also the previous one), and the less steep ones constitute true channels that are heretofore not recognized. So after the right shoulders of these indexes have formed, prices will fall again, but initially at least, at a less violent pace....and contained within channels...
In the charts of the steeper trendlines, I forced channels using parallel lines keyed to the flash crash. Using the slower trendlines, the channels look less forced and seem to fit better...just my opinion... Earlier, I used the trendlines that fit well the steeply declining tops, which were computed in the normal way and used as the anchor(s) of the channels, and then created the parallel trendlines to those in order to fit (somewhat forced) along the two bottoms we had at the time. Now, after the last two days, it's now apparent that the three bottoms that have completed on both indexes since the top, are just naturally parallel (without forcing) to the other precomputed trendlines high up that I haven't talked about much or used. I suspect they now will be...
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