Having vaulted back above its 200-day moving average (1114.50) early in the day, the S&P has resistance overhead at the 1131 level to aim for. That level was the top put in place on June 21.
Should that level break in the next few days, the 61.8% retracement of the 1220/1011 drop comes in at 1140.
The index is close to session highs, up 2.25% at 1126.50.
