Dow Jones Industrial Average followed through above 17150, confirming a primary advance to 18000*. Rising 21-day Twiggs Money Flow suggests buying pressure. Reversal below support at 16950 is most unlikely, but would warn of a correction.
* Target calculation: 17150 + ( 17150 – 16350 ) = 17950
The S&P 500 similarly followed through above 2010, confirming a primary advance with a target of 2070*. Reversal below support at 1980 is most unlikely, but would warn of a correction.
* Target calculation: 1990 + ( 1990 – 1910 ) = 2070
CBOE Volatility Index (VIX) is now back at 12, continuing to indicate low risk typical of a bull market.
