DOW – The retracement off the lows that I called almost perfect has retraced very close to 786 at 17600..if that level breaks today it would setup a retest of the top of the B at 17,800..so far it looks good…double bottom A or C wave before a reversal and zigzag.

NASDAQ – NASDAQ broke 786 by about 2 points to the upside at 5037 and appears ready to break the top of the B at 5088 to setup an upward 3…786 breakout after a zigzag and C wave is a bullish formation and it looks like the bottom is in.