US STOCK VIEW: After several days of trying, the S&P.

US STOCK VIEW: After several days of trying, the S&P 500 finally
took out the 2010 high of 1150.50, posted January 19. The S&P stands at
1151.28 after trading in a 1150.24 to 1152.96 range. Technical analysts
at CitiFX say a clear-cut break above 1150 “would be a bullish signal
opening the way for the reverse head and shoulders target at 1177.”
Looking more big picture (weekly chart), a break above 1177 would then
target “medium term resistance” in the 1217-1226 zone, “where the
200-week moving average converges with horizontal levels,” CitiFX says.