S&P 500 ~ Elliott Wave Count 15 December 2010

Well, we got a small pullback today, so 1247 could still be the top. This pullback looks a little bit wedgy and corrective though so wave [ii] unfolding (to 1220-1230) is as likely as wave (2) (to 1100-1150) imo:

The important levels set in yesterday's post still apply.