Market Update: A Look at the Major Index Charts

Dow Jones Industrial Average:

With the Industrials now above 10k and the S&P breaking previous highs of 1081.15 we now have to look for the next area where prices will begin to start reversing. Here is a chart of the DOW showing some major resistance overhead including the 50% retracement and probably the best way to draw the major downward trendline form the highs.

Dow Jones Transportation Average:
Still plenty of room to go until new highs. Has some pretty significant resistance to overcome to get there.

S&P 500 Index:
Upside appears limited. If I had to make a call, I'd say we have a slightly positive day tomorrow and a reversal start Friday.

Nasdaq 100:

I believe this is the key chart to watch. Plenty of resistance overhead including a major 61.8% retracement.

Nasdsaq Composite Index: