S&P 500 -broke resistance

The second option that I laid out yesterday played out very well. That is down or flat in the open and then a big rally. I think we are headed to 1320-1340 range till this rally is over. That will be close to about 600-700 points on Dow. Enjoy the rally and don't short at this time. I am fully loaded on the long side. Check RIMM, AAPL, WMT, SHLD. Also, there is too much of negativity around commodities. Expect commodities to help this rally. So, all the Agris, Coals, Steels and maybe oil will help the rally. Note Oil doesn't have to continually fall. It can be either flat or slightly up to help the markets.
Attached is S&P 500 chart -note we moved above the dotted downtrend line. You should turn into a bear only if and only if yesterday's low is taken out.