Thoughts

If we were to spike to 1370 today it would square the yearly gann cycle from last April high – 360 points / 360 degrees ? Also AAPL 236 days from 236 low,square of the low ,which is also the gann 240 .Just 2 things to be aware of I think.Very dangerous market for bulls and bears ! Still,swing lows (on the hourly chart?) above 2x low level (1333.5) are bullish and would give a clear stop level for bulls .Just breaking 1333.5 alone is not bullish...it needs to be confirmed by higher low.Most tops come from false breakouts of important resistance.1352 is also important,being the level where C= 0.618% of A (666-1219,1010-1352)

Note also that Nasdaq is back at 2400 major resistance  (half the high)

Bernanke speaks today and its an important Gann cycle day (+/- 1-2 days) How the dollar reacts will likely be key

http://goldscents.blogspot.com/2011/04/bernanke-bottom-or-crash.html

here is a neat chart from Dino,with a bullish count (link to blog on my blog list )