After closing right at that resistance level of 1150 (the previous Jan high) for three consecutive days, the Fed announcement on interest rates provided the needed catalyst to finally break out and close above 1150.  The Fed announced that they will continue to keep interest rates at historic lows and here are the all important words, "for an extended period."  It appears the market wanted to confirm that the Fed wasn't planning on raising rates in the near future before committing more capital to the buy side.  As we have mentioned before, equity markets do not like a c