After several tries, the SP 500 finally broke through resistance at 1130. Technically, there is nothing stopping it before 1180, which is an area that provided some resistance after the ‘Flash Crash’ on May 6th. Should it break through that area, then the next stop is the April high at 1220. The DJIA broke through the 10,700 level this week, which should provide support for a move to the 11,000 level.  The Nasdaq has been even stronger than these two indexes as it has already cleared its post ‘Flash Crash’ bounce high near the 2000 level. Look for a pull back to these former resistance levels as a support area to put on some bullish positions.

JD