S&P has started wave v of C the last and final leg of the anticipated move. There are multiple means for setting targets and some or all can be achieved. What is to know is that wherever wave v of C ends it completes trends at various degrees near a potential long term 13 year triple top position. A deep correction can follow. The targets are 1570, near the rising channel from Jun'12, 1574 - the all time high of 2007, 1590 near the upper channel from the Nov'12 low and the trendline that touches the two major tops of 2000 and 2007.