The SP-500 is still in a short term uptrend as suggested by the higher lows and higher highs. We are also experiencing a climbing 50 day moving average which we know Hedge funds and Institutions look at. We still have significant resistance in the form of 2011 highs and the SP-500 has been chopping around a little bit last days while Nasdaq has been stronger and made new short term highs. This was not a surprise as we mentioned in the previous update that Nasdaq was relatively stronger (Relative Strength) than SP-500. So hopefully you have been trading the Nasdaq (at least if you were buying) instead of SP-500 as this would have meant bigger gains percentage wise. Silver continues to climb as suggested in the last update but there is overhead resistance indicated by the 150 moving average and a downward trend from the big bull flag price is in. Last resistance which actually coincided with the downward trendline is a switchback trendline so what was support might be resistance. When trading the 60 min chart of silver remember to keep an eye on the resistance levels on the daily chart. Be careful entering a long position on the 60 min chart if the price is close to resistance on the daily and keep an eye on the 50 moving average on the hourly chart. Good luck trading!