Above 1298 it made exactly High @ 1353 which was given target.

Now What to expect? 

Last hurdle before All time high .

1353-1356.

Weekly close above 1353 .Then watch 1431-1504.

Support @ 1298.

Problem for Bulls only below 1280.

Note: From High 1576.09 made on (11th October 2007) 5year cycle will completing  on 11th October 2012.

S&P500 Can make new all time  high and complete 5 year bear cycle.

Election Day coming in November .