SPX1360 is Here

"The Americans are here!"
--Col Felix Cortez (Clear and Present Danger)

We've been opining that this rally had 'room' to 1360 and...here we are. This level equals the high off the early 2009 lows marked last summer. It is from the 1360 level that bottom fell out last summer.

Will be watching to see how prices act around these levels. In a vacuum, hard to construe the back and fill motion here as anything but bullish. A break higher suggest SPX 1430ish as next significant layer of resistance.

Before you load up long, let me disclosue that I had a similar bullish sense last summer at these levels before the late summer swoon began...

position in SPX