S&P Breakout joins Nasdaq and Russell 2000

Buyers returned after the brief visit of potential `bull traps` across indices. Yesterday's action delivered the breakouts and today's was the icing on the cake. The one index which did break today was the S&P. The S&P breakout followed two days of buying on higher volume accumulation. The concern is the expanding relative underperformance to peer indices, but the chart breakout looks good and support at 4,000 should be good for measuring risk:reward. There is also going to be a "golden cross" between 50-day and 200-day MAs over the next couple of days.