S&P to Hit 1,200-1,250 Then Rally Winds Down

5:30 AM ET Wed, 24 March 2010

We are now beginning to trade above 1,150 in the S&P 500 index and that indicates that short-term momentum is still bullish, Bill Strazzullo from Bell Curve Trading said Wednesday, adding that the market can go up to 1,200-1,250 in the short term and then the rally will start to wind down.