We expect a turning point by next week. In order to hold on to these gains, we need to see Friday close above 1346.90. The real key resistance remains at 1392.70 and a weekly closing above that is required to imply a shot of breaking into the 1400 handle. This movement above 1362 is encouraging given we did bottom on the first Bench Mark to the day. The yearly count of 3 down from the highest closing in 2012 also at least allowed this rally to unfold. However, we must now hold the 1307 level on a decline on a annual closing basis to set the stage to move higher after next January.