UPDATE

2:40 PM

The DOW is breaking out to the upside. This could be the beginning of the next leg up int he market. Be prepared.

12:13 PM

The S&P500 seems to be getting support at the 858 level. That is right at the support trend line I mentioned in the video last night. That area needs to hold and so far it is:

sp-500-4-28-09

Any close below that level could send stocks sharply lower -however- if it holds and closes above then we could see the next leg of this rally.

More in tonight’s video review.

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