S&P

The Dow went past the falling trendline for a possible triangle I discussed yesterday. A positive sign. But both the Dow and S&P are now at the important resistance of the Bollinger band on daily charts. At 2721 for the S&P this level is below the falling line from the Jan top. Once we get past the bands we can say that the move up is taking a different form and can achieve higher heights. The falling trendline from the top is at 2750.