Today's action is likely to be important for S&P500's medium-term outlook. S&P500 broke through 200D mmv and is an important support level of 875-880. If it holds that today, which is likely given (1) positive future (2) dearth of economic/financial data. The important support areas are 874 (S1), 868 (S2) and 840 (38.2% retracement). The resistance points are 885-87 (200D mmv and P), 893 (R1) and 900.
FCX has a strong resistance at 45 despite 2 days of fall on a big volume. The next support is 44 (38.2% retracement). Looks like it is rebounding following an upgrade by Citigroup this morning. The stock is up more than 1% in pre-market. There is resistance at 45.70 and support at 45.25.
PEP also looks interesting. It is hugging the low-end of 1H Bollinger band. It has broken the up-trend when it fell below 56.08 on a strong volume and it will be interesting if 56.00 level holds up. If that does not then the target is around 55.50 (20D mmv and P&S1).
FDO came with strong earnings. This might benefit WMT which for reason has been languishing in no-man's land. In the pre-market is gapping up past 48.02 (R1) and 48.05 (previous day high). To get more excited on this stock it has to get past key resistance points 48.20 (R2 and 3 day high).
On financials, GS has support aroudn 142 but more interestingly JPM has support at 32.75 (pivot) and 32.50. The has bounced off daily Bollinger bank in the past 2 days on a relatively strong volume.
Good luck.
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