Take One: China, Europe and US Growth Increase.

Albie's Take:

The S&P500 hits Daily Support level. Why does this matter? Well, firstly it gives you an idea that a lot of odds are in favor of stocks rising as a apposed to falling any further! After a week at Resistance levels, and a week dabbling in the middle, the S&P00 has finally made a touch down with Support. Despite so much good news this week, the Dow hitting its highest levels since 2008 and the economy of China, Europe and the US showing positive signs of growth, the S&P500 still found its way to drop to Daily support levels. I see this as a good thing, as stocks will probably begin to rise. It's not that stocks haven't already been rising but the weekly fluctuations have gone to either extreems fairly quickly.