S&P 500 bounce off 1300 before new highs?

S&P heading for the 1300 support level and then onto new highs before the final move lower?

Im refering to a chart posted here : http://www.hotstockmarket.com/forum...ptions-intraday-discussion/97600#post_2723522

That shows a move to the green line around 1300 to 1310, the call is for a bounce at that range and then onto new highs, but Im wondering if this market has what it takes to make new highs at the moment?

AA came in with earnings and dropped -6%, then today JPM beat, but is down on the day, so far earnings are not looking like they will be the driver, will precious metals be the ticket?

Better question is if the markets make a new high, what possible reason do they have to stay up there?

More action at the 1310 level today, one bright spot was the tech stocks too the lead to the upside.

Bad jobs report, market opens lower and bounces off 1302, good bounce so far taking back most of the opening gap.

So far so good!

Some bumpy roads here in the 1330 range, but it all worked out pretty well