The S&P 500 is up 0.69% at 1318.74, after trading in a 1309.66 to 1319.03 range. The S&P has broken above the downtrend line from the 2011 highs at 1344.03 (from Feb 18), which comes in at 1311.73. A close above that level would suggest scope for a move to the March 3 high at 1332.23.