After The Close Market Analyis 08/25/2014

This particular point in the market is giving me some confusing signals.

The fact is that the Dow Jones Industrials [17,076.87] is breaking out above 16,826.60 on the monthly and as long as it is above that level then the market is free to soar.

The next important level for the Dow Jones is for it to challenge the current all time weekly closing high at $17,076.87.

Now that the SPX [1997.92] has briefly traded above 2k the more it retreats from that nice round number the more bears might get louder.