CONSOLIDATION NEARING ITS END!

The SP500 is in long consolidation and it looks like it is near to its end.

I am considering two scenarios:

1. After debt ceiling deal – when they increase debt limit – the price will break up as a bull trap and will bounce from the next resistance.
It will fuel the price to push to the targets – near pandemic bottoms.

2. The price, after the deal, will do correction of last decline and will continue to drop till meet the targets.