S&P500 meets the 1346 target (1343 Low), Out-Side UP Day Friday 'says' higher......

S&P500 Daily Chart @ Close: 11/19/2012

The 61.8% retrace (1346) of the gains from the 1266.74 June lows have been met and a Reversal Day scored Friday to suggest (as per THE WEEKLY's Weekend Edition) that UP is now the way of it.
Resistance @ 1395/ 1410/ 1425 now the immediate hurdles as the 'retrace of the retrace' is in train.
Medium- Term indicators remain vulnerable to further weakness, not today's business but rather a cautionary note for the fleet footed types.