The Fed pumped in a ton of liquidity that is supporting the market's up movement. Sometime next week, the S&P 500 (and the other indexes) will meet resistance when they close their gaps as seen on the chart below.

The VIX (Volatility Index) is below the S&P's price chart. It actually closed it gap yesterday, so this is important. If the VIX moves below yesterday's low, then that would be favorable for the S&P to move up above its gap and move higher. If the VIX can't move below yesterday's low, then the S&P will be subject to failing after doing a 100% retracement to February 26th.'s close on the S&P.

By Marty Chenard
http://www.stocktiming.com/

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information

Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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