Daily DMI is also looking good, still on red but with today move up (as the future indicate) it may move into the positive territory. We do have now a multi-month uptrend line around 1055 and a multi-months downtrend line around 1105 that also coincides with a very important resistance level. I do expect SPX to stay between these two lines next week. Of course a break on the upside (above 1105) is going to be bullish with the next potential resistance levels around 1115 (SMA200, and good volume according to "volume at price") and 1130, a level where two big upside waves got killed in the recent past.
babaro
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