Over the last four trade sessions the market prices have pushed out of their average trade ranges and yesterday 3 of the four not only closed above their average trade ranges, but the high and the low of the day were above the average. Today the fourth followed suit. The primary markets are highly overbought at this time and will adjust themselves.
Historically this event generates a 3 - 5 % reversal of prices.
DJIA will adjust by 763 - 1271 points (between: 24676 - 24168)
SP500 will adjust by 81 - 136 points (between: 2643 - 2588)
NASDAQ will adjust by 222 - 370 points (between: 7188 - 7040)
RUSSELL 2000 will adjust by 45 - 76 points (between: 1479 - 1448)
Historically this event generates a 3 - 5 % reversal of prices.
DJIA will adjust by 763 - 1271 points (between: 24676 - 24168)
SP500 will adjust by 81 - 136 points (between: 2643 - 2588)
NASDAQ will adjust by 222 - 370 points (between: 7188 - 7040)
RUSSELL 2000 will adjust by 45 - 76 points (between: 1479 - 1448)