With lackluster volume in the last couple weeks of the year it is hard to determine if any new trend is really developing in the S&P 500. With not much in the way of market moving news, the market continued on its upward trend that began in September. Then next long term resistance levels are around the 1300 and 1400 levels achieved in 2008. Minor support currently exists at the 1180 level tested in November and at the 1130 peaks achieved in June and August. After that there is major support at the 1050 level.