Possibly a double bottom (with a higher low) put in by the Transports in a daily chart...Volume is not quite were I would like it to be on another thought.
The 200 bar moving average is currently resistance to the Dow Industrials and the Nasdaq, now THIS is making me think south..
If your trading June e-mini futures for the S&P 500 index, which is a very clear picture of the market, 1400-1430 is a very important level of resistance.
Who shall win this battle between the Bulls and the Bears?

Crude News,
On the NYMEX, June crude settled up 16 cents, or 0.13%, at $123.69 a barrel. It traded from $121.58 to $123.90 in regular floor-trading hours. It rose further in post-settlement trading to a record $124.57 (an all time high). Wednesday's high was $123.93.