Buyers really seemed to be on a mission today as they took the market up from the open and pretty much never looked back. The one problem with today’s impressive price gains was that volume was on the light side. The big tests I see coming are the indices at their 200-day moving averages. I think we’ll need much more volume to make it through those important resistance lines.

We saw how the Dow failed at its 200 DMA last week. It looks like the Nasdaq is going to try its luck with its 200 DMA soon — it’s just over 1% away.

The S&P is bouncing right off of its March trendline. That line and the 200 DMA are on a collision course to meet around 1425 in the next couple of weeks, so one of those lines will have to be broken soon.

The small caps look similar to the S&P after climbing back above their March trendline.

All the short-term trends flipped to up today.