the NYSE Index has a TON of stocks in it and is a very good gauge of the overall health of the market. As you can see there is still a much bigger target (almost perfect – an AB-CD and 1.618 extension on top of each other ON A MONTHLY) out there in/around 14217. But note the blue measured moves … they have been very consistent in causing resistance … so, we might be in for another bigger dump if you look at the daily.
strength should get this puppy moving up to the target mentioned above around the 14,200’s so watch this index closely in the coming days and weeks.
have a great LABOR DAY weekend and enjoy your life …