Here is the chart showing how all the indices lined up on making new high
Although the market breadth for the last trading session was strong, but the overall trend is still under previous peak for the NYSE:
and for the Nasdaq:
The strength of the market signaling it could still be heading higher, and some of the sectors that are most likely to help push the market to newer high are:
XLF (financial):
XLK (technology):
XLI (industrial):
The next potential target for the DJIA is near 16,450
The SP500 could be moving toward the 1850 if it breaks above the rising trend line
The Nasdaq 100 appears to be moving toward the projected target from its multi-year double bottom, and the measured move target is near 3700, a level has not been seen since 2000
For the Russell 2000, a long term Fib 161% extension project a possible target of 1190
