That's really bizzare. So far, we're holding the uptrend line off Friday's low, but we could be setting up a double top in the high 1240's. The top of the channel off those lows is around 1255-1260. I wouldn't be surprised to see us top out there if the double top at 1249 doesn't stop us.
Right now, I see each option as equally likely, so I'm not playing it one way or the other.