($SPX, $SPY) On Friday the S&P has reached the lower end of the resistance area I have discussed (1220 to 1230). But, again, momentum is on the side of the market -- so, even if it backs off from here, it ought to stage at least one more attempt to the upside. Yes, some of the shorter-term indicators are struggling, but it still feels too soon to be too bearish.-H.Meisler