Market sentiments have been strong this week, and continues to be so during the 5/10 session. The S&P500 $SPX is in a key bullish breakout.S&P500 Daily Chart(click to enlarge)Bulls Maintain Control:- The daily chart shows that although momentum is no longer bullish (RSI fell below 40 and even tagged 30), the overall bullish trend is still intact (price held above the 200-day simple moving average (SMA).- Also, price is now climbing above the 100-day and 50-day SMAs as well as a falling resistance line.- With the RSI also about to push above 60, we can say that bulls are back in control.- We should anticipate a drive to at 2800.- A break below 2675 will be needed to dampen this bullish outlook.