S & P 500: A few good reasons to go long risk across the board from here to 1370.

Chart 1: SPX Daily

Chart 2: SPX Weekly

Chart 3: NYMO Daily

Chart 4: VIX Daily

Chart 5: EUR Weekly

A few good reasons to go long from here till year end: 1. Chart 1: Triple top breakdown price objective been met around 1375 with daily oversold indicators and MACD showing bullish divergence. 2. Chart 2: SPX is finding support at 1380 (as identified yesterday being uptrend line from June 2011). 3. Chart 3: NYMO (market breadth)at a range low which has held for past four months at SPX market lows and we are here now. 4. Chart 4: VIX not breaking any higher and showing bearish divergence here below 20. 5. Chart 5: EUR Daily and Weekly recovering from overbought levels and finding support at 38.2% retracement and also forming a bullish flag. The above call will wrong if S & P 500 breaks below 1352. I am looking at year end upside of 1460-1474 for SPX 500 from here.