Slightly Bullish

This market takes all the bad news very well. This stock market should be on its ass but it is not. Earnings have been all around pretty good. The news with all the down grades from S&P on these countries has not taken us down that far. The S&P is still only 30 points from yearly highs. This morning I have 119525 as my pivot. If we stay above that we should trade up to 121200. If we can't stay above it we should trade back down to 117850. 117850 is my support area. If that area gets taken out I will be looking for 116150. This market is very volatile and overall the bulls are still in control. I will buying breaks while above 119525. Selling rallies below it.