Don\'t take me wrong, market still has long way to go. But near term market due for a rebound. After this rebound, market will continue down trend until S&P and Naz have new year low.
Possible bottom:
Dow 10800
S&P 1210
Naz 2150
The down trend at least last another month until August.
Dow and S&P will be dancing at bottom for a while and at same time Naz will continue down trend after rebound and create new year low eventually.
It is also possible that Naz will keep above March lows and turn around in Q3 and Q4 time frame.
Based on current analysis, the year end or early near year target for Dow, S&P and Naz will adjust as below:
Dow 13100
S&P 1430
Naz 2550
JM2C
