SPX resistance levels

L1: 944; (Jan top, also 20-week BB resistant)
L2: 1007; (Nov 2008 top, 50% up from low, also 10-month BB resistance)
L3: 1080; (61.8% up from low, also 1-year BB resistance)

L4: 1176; (78.4% up from low, also 10-year regression line)
L5: 1320;

If we are in bear market, 1080 is the highest level rebound could reach. Breaking up 1080 means most stocks in S&P 500 breaking 52-week high, and it should be considered as bull market rather than bear market. In that case, NDX should reach new high at 2240. Otherwise, 1080 should be the top for the year.