Dow Jones Industrial Average: +96.28 or 0.96% at 10092.19
S&P 500 Index: +10.23 or 0.94% at 1097.91
NASDAQ Composite Index: +29.52 or 0.91% at 2176.32
NYSE Internals: 2241 Advance. 808 Decline.
This could have been the high, but I still think we will have 1 more minor high tomorrow, maybe we hit 1105. My reason being is that from the lows of Friday, the waves are really hard to count, but from what I can see, we only have 4 small waves up. Most of the day was sideways/down after we made the high, so it could have been a wave 4.
The top of the blue channel I have drawn is also around 1105-1106. We may hit that early tomorrow. If we do, we could potentially sell off, which could mark the top for now. We can also just open down tomorrow. If we do, we have to break 1090, then 1080. Once those are broken, good chances are that the top might be in. Also watch for a break of 1108 on the upside. If 1108 is taken out, good chances that we make it up to 1120.
US Dollar was down today. Crude Oil hit $80. Gold was also up. Financials were lagging today. VIX and SPX were both up.
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