Dow Jones Industrial Average: +47.08 or 0.47% at 10062.94
S&P 500 Index: +4.54 or 0.42% at 1096.56
NASDAQ Composite Index: +1.06 or 0.05% at 2173.29
NYSE Internals: 1517 Advance. 1500 Decline.
We made new highs today, which was the minimum requirement for the next wave up. It could be over, but I still think we touch 1100 first. A lot of Fib expansions lie between 1097-1100. That should also fill the gap from last October. We got to 1096 today, could that be close enough? We'll find out!
Until that yellow trendline is broken, I am going to stick with my theory and think that 1100 will be hit. If we gap down tomorrow, and stay below the line, it may be likely that the wave has completed.
US Dollar was flat. Crude rallied hard. Gold was down. VIX was down about 5% Energy and Materials were the leaders today. Financials and Tech were both lagging.
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