The SPX seems to be in wave (v) (see yesterday's chart) which may end anytime soon. After that we have to watch what happens; if we see a corrective move to 1300ish, then another rally to much higher levels is very likely, should we break below 1300ish and then below 1275! though, then the rally should have topped.
I don't post EUR/USD charts very frequently but there may be a very nice pattern unfolding right now:
There appears to be a five wave move down from the top. A retracement to 1.37-38 would form a pretty nice H&S.
