December highs @ 1249 will complete the break and extend pattern from October's breakout @ 1174
Previous Weekly report
S&P Monthly and Weekly
1249 is likely to be reached by new week. (1252)
Once that completes I'll be looking for a potential reversal back towards the 3-week lows.
However, there needs to be lesser patterns that will verify that expectation...
for example:- a breakout of the 5-day lows
