Based on evidence that comes from a composite chart, we’ve been using 2690.25 as a possible place for the bull market to end. However, referencing the December contract, the futures have already topped via a thrust last week to 2658.50 that roundly exceeded the 2645.00 target shown. Is the 13.50-point overshoot sufficient for us to presume that another bull leg is likely? Ordinarily I’d say yes, especially given the clarity of the bullish pattern and the fact that buyers stalled precisely and very discernibly at p=2480.50 before blasting though it. But just to be cautious, we’ll keep an open mind to the possibility that the S&Ps have made an important top, if not necessarily THE top. If this proves to have been the case, we should start to see downtrending abcd patterns exceed their ‘d’ targets immediately and in all time frames. Alternatively, if the December contract is about to head higher, it will close above 2650.25 for the next day or two, then blast off for a minimum 2690.25. (daily chart, A= 2567.75 on 11/20). _______ UPDATE (Dec 3, 9:47 p.m.): The bullish herd has gone loco tonight — on a Sunday, no less — pushing the futures to a so-far high at 2663.25. This negates the potential usefulness of everything I’ve written above save the 2690.25 target, which remains in play.