. >> to do that with me is stephen suttmeier. thank you for joining us..etty remarkable the s&p 500 was down dramatically and then closing at an all-time high. it seems like all risk is not out of the market. but we have this reaction. your view of the s&p is pretty bullish. stephen: it seems like they only come out at night. [laughter] chart basically shows a daily chart moving average. we did achieve the triangle 3220 which is what we talked about. i like when things work. ist will keep things working if we can say about the 3200 level. level in hold that think it stays intact, and the s&p can plan. abigail: we are a bit above the 50 day. we are about 10% above the 200 day moving average. when that has happened in the past we see consolidation. what you think about that possibility? stephen: i look at the chart we show on the show a lot. sincebeen overbought december. as long as it is overbought and above -20 we grind higher. if you hold 3200 we could see 3300. maybe even by the end of the month. i am bullish above 3200. abigail: not surprisingly that w