In the bigger picture, a correction for more downside should be in the making, and we should be in its C wave. That's why my expectation is more upside, and my target is 1924. I think we have 2 options here. The structure between the blue lines can be a complete running flat, which looks pretty ugly, or a correction like between the green lines is in the making. In both case we should see some upward movements. That's why I placed a pending order over the trade setup. If it makes the wave B, I'll hedge my trade.