There are numerous ABC patterns that point higher, but the one that looks most promising points to 1196.50, a Hidden Pivot that we can use as a minimum rally projection for the near term.  Notice in the chart how the k-A and B-C segments have a kindred resemblance. The target is too close to round-number resistance at 1200.00 to be ideal for shorting, but we should take a stab at it anyway, since it represents the most logical and precise place for a stall just below 1200.