Index: Russell 3000
Current Reaction High: 839.27
Nearest Retracement Target: 75%
Retracement Target: 839.25
Index: Value Line
Current Reaction High: 2327.11
Nearest Retracement Target: 78.6%
Retracement Target: 2330.73
Index: Transports
Current Reaction High: 4978.59
Nearest Retracement Target: 61.8%
Retracement Target: 4983.34
Index: NY Composite
Current Reaction High: 9352.44
Nearest Retracement Target: 87.5%
Retracement Target: 9382.21
Index: NASDAQ Comp
Current Reaction High: 4319.99
Nearest Retracement Target: 78.6%
Retracement Target: 4323.48
Index: NDX
Current Reaction High: 1807.43
Nearest Retracement Target: 75%
Retracement Target: 1816.34
Index: SPX
Current Reaction High: 1438.89
Nearest Retracement Target: 78.6%
Retracement Target: 1440.70
Index: DJ Industrials
Current Reaction High: 12511.05
Nearest Retracement Target: 75%
Retracement Target: 12581.85
Looks like at or near a top except....
- the retracement in the Transports looks too weak and may very well go to the 75% level
- The Dow is a more than just a touch away from a retracement, and should drag the rest of the market up through their indicated resistance targets. DAMN.
Current Reaction High: 839.27
Nearest Retracement Target: 75%
Retracement Target: 839.25
Index: Value Line
Current Reaction High: 2327.11
Nearest Retracement Target: 78.6%
Retracement Target: 2330.73
Index: Transports
Current Reaction High: 4978.59
Nearest Retracement Target: 61.8%
Retracement Target: 4983.34
Index: NY Composite
Current Reaction High: 9352.44
Nearest Retracement Target: 87.5%
Retracement Target: 9382.21
Index: NASDAQ Comp
Current Reaction High: 4319.99
Nearest Retracement Target: 78.6%
Retracement Target: 4323.48
Index: NDX
Current Reaction High: 1807.43
Nearest Retracement Target: 75%
Retracement Target: 1816.34
Index: SPX
Current Reaction High: 1438.89
Nearest Retracement Target: 78.6%
Retracement Target: 1440.70
Index: DJ Industrials
Current Reaction High: 12511.05
Nearest Retracement Target: 75%
Retracement Target: 12581.85
Looks like at or near a top except....
- the retracement in the Transports looks too weak and may very well go to the 75% level
- The Dow is a more than just a touch away from a retracement, and should drag the rest of the market up through their indicated resistance targets. DAMN.