For Monday, I'm looking for a seemingly-sharp pullback back to support, which is then reversed with another manic rally. SPX 1510 by Friday would be great.
That would make a nice top for the retracement rally since March 6, 2009.
I've been working on applying the 2007-2009 tape to the current outlook. First, of course, we need a top, which I don't think we have just yet. The chart above has us in a ABC zig-zag wave that could top into the long weekend this Friday.
What I count as an "A" wave from the 1576 top in 2007 ran 320 points. If we can make it up to my projected top of SPX 1510, then another 320 pt drop from here nails the .382 retrace of the entire rally, right at 1190. From there, it just gets better and better.
Anyway, I've shared out a Google spreadsheet with the 2007-2009 numbers, which I will adjust to the present once we get our top.
It's a workable model, or at the very least a baseline case for 2013.