SPX on Europe Banks Stress Tests

Well folks, today the market finally closed above the 1100 mark area, signaling some strength as we can see on the daily chart, the index is clearly posting higher highs and higher lows.
Also the SPX has broken above the downtrend line and closed above the 50 day moving average as well, all signs of strength.
If the market can hold above the 1100 mark, it most likely will trigger the bears stops and easily reach the next resistance level at 1120 at the 200 day moving average and then June highs at 1130
On the way down support remains at 1060