SPX. 1265 is where (v) = (i) within wave [v]. 1265 is the post-Lehman day Sep 2008 bounce high, otherwise marked as Minute [ii] of Minor 3 of P. It also has breached the underside price of (1) of P - 1256 - which is also a normal trait of wave twos.
The squiggles project a possible gap up Monday for wave iii of (v). An end of day reversal would then be a possibility should that happen. Or a Tuesday peak as suggested below. However running the price out that long doesn't look right.
Revisiting the P wave form:
After making this wave chart from sentiment data of the new AAII 10 day MA, I reconfigured the P wave count based on this sentiment pattern which is an awesome EW structure by the way.
There is a certain symmetry to it. (C) would be .618 x (A) @ 1309 with this count. As it stands now, (C) = .51 x (A).