The bulls have had enough lately and decided to do something about it. The market started out strong and accelerated as the day progressed. Importantly, the bulls managed to easily clear the 200 day moving average on the S&P and now are aiming for the 20 day at 1319. If they are successful, then they will be aiming for the May 29 high of 1334. Should the bears manage to halt the buying, they will be looking to revisit the recent low of 1266.