As stated previously, the June 10, 2013 intraday high from the DJIA, the SP500, the Nasdaq 100, and the Russell 2000 are the pivot levels the market needs to penetrate in order to resume its uptrend. If the market failed to move above the June 10 high and dip below the June 6, 2013 intraday low for the DJIA the SP500, the Nasdaq 100, and the Russell 2000, then the market will likely be headed down to a level that will likely exceed the typical 5-8% correction. The dip below June 6, 2013 low will affirm the new all time high of 15,409.39 made by DJIA on May 28, 2013 is the market top as measured by the DJIA and by the Dow Theory non-confirmation by the DJT.
(click on the chart to get an enlarge view)
SP500:
DJIA:
DJT:
Nasdaq 100:
Russell 2000:
