Higher Dow and S&P 500 Targets

09/24/2010 1:44 pm EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

In an article written on September 2, I discussed the bullish action of the NYSE A/D line (it tracks the number of advancing and declining issues on the NYSE) as it was leading prices higher. I also gave some upside Fibonacci targets for the E-mini S&P 500 futures and the Dow. The Dow targets, as shown on the chart, were at 10,926, 11,037, and then 11,187. For the cash S&P, there are similar targets at 1155 and 1158 with much higher targets at 1185. A Dow close above 11,000 does look likely.

Tom Aspray, professional trader and analyst, serves as video content editor for MoneyShow.com. The views expressed here are his own.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STRATEGIES