The thrust up must be faster than the triangle. Neely says twice as fast, meaning it completes in half the time, which means it should end today or tomorrow. So it could be done ... but we now hit a really nuanced area between orthodox wave theory and NEoWave. The STU has called this a thrust out of a running triangle. Neely notes that a running triangle indicates powerful forces (in this case bullish), and can propel the thrust to spike much higher than that - going usually 1.6x the triangle width (32 pts, targeting 1138), and at times 2.6x (44 pts, targeting 1150) - happy predictions for the head & shoulders crowd, and emboldening to the bulls.
But Neely has more precise requirements for such a running triangle, including that the trendlines should slope (in this case upwards). You can see such a pattern from 1987-1994, an upwards sloping running triangle that was followed by a very strong thrust, the extended fifth wave of the dot-com mania. In this case the running triangle is a barrier triangle - it hit a flat barrier rather than sloping upwards. This makes it merely an "irregular" triangle to Neely, which implies a thrust that is only "slightly" greater than from a normal triangle. Getting to 1127 fits that, as would a final attempt to hit 1130 later today or tomorrow. The market is about to overlap, however, which suggests a top is in, or we are seeing an ending diagonal (terminal pattern to Neely) form of the fifth wave thrust.