The S&P 500 and equities markets can chop higher into Thursday with this rising channel pattern - but treat it with caution

Here's what I just posted at the UBTNB3 blog - bottom line, it means to treat this rising channel pattern with caution because the S&P 500 and other equities markets can remain positive into tomorrow (Thursday) but then complete a finishing wave up at the same time:
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Remember that a diagonal can be in a channel rather than the classic wedge. This looks more like a channel. The Major A wave ended with a channel so maybe this Major C will too. This is a way it can chop higher into tomorrow and that 1109/1112 area for the 5th wave up. Alternative is a failure, truncation, that gives a bearish h&s. So obviously watch the swing lows too: