Barclays Capital technical analysts say the, "S&P 500 needs
to rally above 1,266 and 1,277 to signal bearish sentiment is lifting
for the summer."
The S&P 500 stands at 1,260.37 after trading in a 1,252.55 to
1,262.00 range. The index is up 4.9% from the 2008 lows near 1,201 seen
Monday and down 20.0% from the life-time high of 1,576.06 seen Oct 11,
2007.