Are we about to make a measured move higher?

Of course this is a leveraged ETF, but the underlying indexes, SPX, and futures, /es both look the same. The context is as follows:
I looked for previous years where the S&P500 had a large drop, and then formed a flat top wedge over the coming months. I found 3 instances that you can see annotated in the charts.
If you examine these formations you will see that in each instance the Index broke out and made a measured move upwards.

What is a measured move? Measure the thickest part of the wedge to get a % gain. When the underlying security breaks out of the narrowest part of the wedge it will often move the same percentage upwards.
In our current scenario we have made a 50% move this year in SPXL and formed a flat top wedge pattern. If this pattern can be broken to the upside another 50% gain will take us up to a price target of119+/-

There is still a wall of worry out there, and anything could happen, so take this with a grain of salt.

Stay tuned for further updates...........