The S&P 500 broke the 2500 resistance level we mentionned in our previous comment to build a new tight trading range in the 2660 area. Breadth closed on an unconvincing note: 1571 stocks advanced on the NYSE compared to 1336 that settled down. Our ten day oscillator based on the advance/decline line and our short term oscillator based on breadth weighted by prices entered the overbought zone. We may expect some days of backing and filling moves before the release of 1st quarter results and any decision taken by the US and its allies on Syria. The ascending triangle we mentionned yesterday is still valid and a potential bullish move may emerge from this pattern. All trading models based on prices have finally turned up.