The S&P 500 Index is coming into resistance (which is looming large) near all-time highs.

x
via StockCharts.com.

On the other hand, the Index is nicely above support, and back above its 200-day moving average.

Meanwhile, a growing number of issues are back above their 200-day moving averages. Click here to see a live chart of that.

This is a seasonally good time of year for a breakout move like that to happen.

Worth watching.