1.618x the 61 pt wave 1 targets the 1334 area. I could see that move on Monday, but only if they can hold things together Thursday and Friday with some retrace.
VIX still below 18 -- no real fear out there yet. Super congrats to all FB longs! You beat the "obvious" retail trade.
A rally into the EOY would likely be on delusional optimism that the Fed will figure out how to keep the plates spinning, plus short squeezes on the "obvious" fiscal cliff trade.