The number to beat is 1248.20 (newly revised from 1252.00), a midpoint resistance whose decisive breach would signal more upside over the near term to at least 1276.90. Despite the disappointing price action of the last three days, bulls still hold an edge — one that will remain intact unless December 6’s 1210.10 is penetrated to the downside. Otherwise, an intraday high of 1252.30 or better, or a two-day close above the 1248.20 red line, would provide the encouragement we’ve been looking for.