S&P 500 Morning Analysis 9/30/09

The market remains in an uptrend with the first important level of support found near 104. Shorter term support should be found near yesterday’s low near 105.75 and 105.40 On the upside, there was minor resistance found near 106.60 and then 107 yesterday, if the market can clear those levels it looks like a test of the 108 highs will be next.