Thursday close 1037.25

Long Term –
all long term targets remain the same. 1046/1055/1129

daily –
has moved thru the entry price for another move up to first the 1046 target and then to a grouping around 1090. 1017 starts a new down move.

Intraday –
last weeks 1006 entry resulted in the move to 1034. the pull back gave us the new entry of 1028 this morning. the next target is 1043. which is in confluence with daily and weekly targets of 1046, so expect some consolidation there. if it slices thru 1046 then we have a different market on our hands. It does feel a little panicky on the upside, in some sectors… many gaps thru stock entry levels and no pullbacks to allow sensible entries.