The S&P 500 breakout above 1300 suggests a primary advance to 1450*. Rising 13-week Twiggs Money Flow indicates buying pressure.
* Target calculation: 1300 + ( 1300 – 1150 ) = 1450
The signal was confirmed by similar breakouts on Dow Industrials and the Nasdaq 100, the latter offering a target of 2750*.
* Target calculation: 2400 + ( 2400 – 2050 ) = 2750
Dow Transportation Index has also completed a higher trough, signaling a primary up-trend. 63-day Twiggs Momentum recovery above zero strengthens the signal.
* Target calculation: 5050 + ( 5050 – 4550 ) = 5550