S&P seems destined for 800!

[Pamela Tomas]

Yesterday's late session selling left some room for the bears to get comfortable but it didn't last. Stocks are on a roll, and the shorts are scrambling to get out of the way.
What do you predict?

[Natalie]

it looks like the S&P is on the rise, but will it continue?

[Lolly]

Well judging from the last weeks progress we are bullish

[shiny100]

The current rally has yet to dissatisfy but that may eventually be in the cards. Nevertheless, for the time being it seem as though the path of least confrontation will be higher for stock index futures. The S&P is facing significant resistance near 773; depending on FOMC development, we could see prices at or just above 800 in the coming sessions. That said, I have a hard time imagine the rally extending itself additional. If you are following the Dow, similar resistance is near7, 340 with an ultimate target of about 7,800.

[forexguide]

Oh really I am not sure about my predictions on that.