Having broken through the resistance

- Having broken through the resistance line that extends off of the 2008 and 2009 highs, a longer term change in trend must be considered. What’s more, RSI (weekly 13) confirms the new high. Resistance should be strong up to 14579. The 61.8% retracement of the entire decline form 16000 is at 14450 and the 2010 is 14579. The area surrounding 14500 has been important since 2007, serving as support and resistance. Near term expectations are for consolidation and weakness from 14500 before continued strength. 14350 and 14250 are supports. JSINT is bullish but stretched to levels that have previously indicated tops.