Trader Update -data point 16 November 2011-

...another vague bullish attempt to go past the 11 November 2011 High 166.98 - mildly rejected past the 14 November 2011 High *1263.85 with an intraday High *1264.25 

the bullish bits:

-momentum 8 November 2011 High 103.81_momentum 15 November 2011 High 103.21
-Trin 15 November 2011 0.98 neutral to bullish bias
-50-dsma moving up *1204.18

-volume 11 November 2011 761.5_volume 15 November 2011 781.0

-growth rate ----FTL(follow the leader/very strong) - 0-line test
the bearish bits:

-VIX Close *31.22 below
-increasing to 31.22 above Pivot 30.16
-weak strength below C-RSI +5

...as a result, uptick strength suggests mild follow through lower to challenge weekly trendline support current *1233 - expectations are, *1233 will act as a near term floor to motivate another attempt to break above the 200-dsma current *1272.10 in the week ahead

Kind Regards