SPX - In a wave 5 pattern?

SP:SPX   S&P 500 Index
257 0 1
Wave 4's ABC retrace pattern appears to have completed at 1824 and it looks like we are now in wave 5. Expecting this wave to take us to the 1866 area (1.618 Fib ration of wave 4. Also note that the first 4 waves in this impulse have fallen nicely into a parallel channel (purple).
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