This would have us pull back just over the required 3% and top right into December FOMC, where we are greeted with a policy change of some sort, tapering of bond purchases, who knows.
If the top is later, like December 31 or next year, then it's higher. We're chasing ascending trendlines, so the longer this goes on, the higher it goes.
Of course, there is a shortened session tomorrow and POMO schedule release at 3:00 P.M. eastern is actually after market close. So, while it may surprise and be bearish, it can't give us that kick in the teeth reversal candle during trading hours. FOMC on December 18th can still do this, putting a quick end to the holiday rally.
Both the lower daily Bollinger and the .382 retrace of this last leg are down at 1746, along with obvious chart support. It's also where the previous minor wave 4 found support.