S&P Index broke out of a 3-week consolidation range to confirm a double bottom (at 1538.57/1539.50), extending the broad uptrend to post new all-time highs. Further strength opens the equality target at 1628.15 (1.000x 1573.66 from 1539.50), then Fibonacci projections at 1662.01 (1.382x) ahead of 1682.94 (1.618x). The 1573.66 (2 Apr range high)/1568.61 (10 Apr low) support zone should limit dips. Only sustained weakness below 1538.57/1539.50 would delay bulls and suggest topping for a move towards 1485.01 (26 Feb low).
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