Here is an update of the 2007 analog from ~ 2:00 this afternoon (pre Bernanke press conference). The analog continues to replicate - granted with looser proportions in time and price. For an explanation of the rationale behind this - see (here).
The market may run the SPX up to around 1305, but I am not holding my breath. Some of the very short time frames are exhibiting upside exhaustion.