The S&P 500 futures has offered up over 20 points of profit in the last 3 sessions. Some wave theories suggest that 3 pushes up is followed by a push down. The chart places us on the bottom of a steep channel. This trade will be closely watched and likely exited to lock in profit around the 1317.50 price area. While the market is making multi-year highs and can likely go higher, its more advantageous to take profit and re-enter the trade after the next pull back.