S&P 500:
For short term traders, a bottom was reached in October as the S&P 500 rallied back above its 30 day moving average at 1200. As the Index appraoches the 1250 mark, it will run into some fairly stiff resistance.
If the S&P can break decidely above the 1250 level, we could see a rally up to 1300.
DJIA:
Overhead resistance for the Dow is in the 10,700-11,000 area.
NASDAQ:
Initial resistance was at the 2130-2140 mark. This index is acting very nicely. The next move from here looks to be 2250.
