We should like to see the futures push higher today and tomorrow if bulls are to remain in charge at least until New Year’s. Although I gave permabears little to hope for in today’s commentary, what I did not mention is that even though yesterday’s rally reached a 1207.25 rally target with two ticks to spare, it manifestly lacked the guts to tack on the extra five ticks it would have taken to surpass the look-to-the-left peak labeled in the chart. This won’t necessarily be fatal, but it does hint ever so slightly of cowardice on the part of buyers.  Let’s see how things go for the rest of the week before we make any crucial judgments.