S&P, Dow and Nasdaq all at upside targets - July 28

By Mark Braun
28 July 2009 @ 08:22 am EDT

With the exception of Nasdaq, index prices inched higher yesterday into the close. S&P and Dow have just slightly surpassed the initial daily targets. Once more, while we should be able to see higher highs as these work towards the weekly targets discussed yesterday, we need to be alert to the possibility of pullbacks. Nasdaq is currently holding at the second weekly target too. We're now right between the initial timing high dates on the S&P and Dow as shown last week. While this is relatively minor timing, it still has a high probability of signifying a pullback or at least consolidation/congestion for the next few days.

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