The S&P 500 has been on a tear over the last year, putting up gains of +13.8% since May 2, 2012. With Federal Reserve Chairman Ben Bernanke essentially announcing yesterday that nothing will change in the near-term, stocks are likely to continue their bull run and commodities will head lower. The index is testing its all-time high of 1596 today and if it can break through, the next line of resistance is at 1603 - plenty of room for upside for an index that remains in bullish formation.
