I'm watching these two ascending trendlines. The first represents the minimum decline needed for us to finish up the current retrace wave and label it as a "4", because we will then have an unbroken trendline between wave 2 and wave 4. This trendline is right at 1400 at market close tomorrow. What a cliffhanger if we close right on it!
The second trendline runs from 1074 up through 1266. Past this, all we have for one of these supports is the line from 666 through 1074. We'll test (and break) that one this Spring.
I think Goldman Sachs may have made a great call with their 1250 by year's end. I like 1262. But first I'd like to see a crazy round-trip to from 1400 to a top, straight back to 1400, with one last bounce before we roll over.