We're getting very close to major resistance at 2800-2815 for $SPX $SPY -- this is where the past rallies have come to die.
The S&P500 index ($SPY $SPX) is up 8 weeks in a row now, forming a V-shaped bottom off of the December correction.
When this happens after staying under for so long, it generally means that big gains are ahead.
Facebook $FB breached the 200-day moving average quickly but then dipped slightly for a re-test. Fundamentals should keep it going back up.
We're very close to breaching the 200-day moving average. A good trade headline or two could be enough to push us through.
