There are plenty of classical TA indications of a bullish run to 1300:

1) The long term moving averages are just under 1290, and we normally have at least one good stab at it,
2) Sentiment is extremely bearish, even more so than last summer,
3) Simple breadth has advanced faster than the market rise.

My own indicators are so long term that all I can do with the Mousetrap is hedge and wait out the volatility. The Robots are infinitely more robust and can ride the smaller moves (and I have about twice as much money in the Robot trades as I do my experimental Mousetrap).

Jackson Hole COULD give the market a little blast off that causes everyone to cover their shorts -- but I honestly don't see any macro-economic sustainability to it. We've reached the end of Keynesianism, I suspect.

I think we live in interesting times...