Broad Market Rally

Once we broke the downtrend (BLUE LINE) we rose up until the 2:00 FOMC minutes. There was some confusion after the minutes were published, but once the martket found some footing it continued to rise to an all time record close. It's likely we will continue the Fibonacci retracement 100% up to 1532.50 and are likely to continue higher today as we have open territory from here. If we do pull back to digust the huge gain yesterday we'd look at 1526.50 as our first level of support which is the 78.6% Fibonacci line and a point where the price spend a little bit of time yesterday.