Nasdaq Completes Upside Objective

 After a little under 1 month in time and (21 trading days) later the Nasdaq completes its upside objective today, after breaking out of its slanted inverted head and shoulders pattern that formed from the beginning of November to the end of December last year See Original Post Of Setup. This also coincides with decent resistance ahead (Right Shoulder breakdown from 2011's Head and Shoulders Topping Pattern. With the completion of the pattern and major resistance ahead at the gap, I find it very unlikely that the Nasdaq (though been strong) will continue to march further beyond this resistance zone without a retracment or pullback. Pullbacks are healthy and when we don't get them is when we see serious corrections based on the fear factor. I also spotted a similar setup in the $DJT (Dow Jones Transports) during this same time period which is also getting very close to completing it's upside objective though slowly running out of steam Dow Jones Transports Post. Its Setup was more of a Ascending Triangle coupled with a Inverted Head and Shoulders pattern which has had a fantastic move for all the transpo stocks over the last 2 months $KSU $UNP $FDX $UPS $JBHT etc. To me these (2) Indices which I like to use them as (Indicators) are extremely extended and is away from fair value. Over the next few days or week I greatly believe that these (2) Indices could influence the potential outcome of the $SPX, $SPY, $ES_F, and Dow entering a potential mid-term high. Were already seeing volume divergences on the weekly time frame on the Weekly ES Chart . Though (innocent until proven guilty), if these (2) being the leaders, and dragging up the rest of Indexes starts to pullback or find some resistance, I believe the other indices will do the same. Protect profits, tighten stops.