PnF: Mixed Bag

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___For the PnF Market Board, closing out the week, both the Transports, and the NASDAQ 100 are on a sell, while AGG flipped back over to a buy.



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AGG

• 2 March triggered a Double Bottom Breakdown
  
• 6 March triggered a Descending Triple Bottom Breakdown (Back-to-back Double Bottom Breakdowns)
• 12 March triggered a Bearish Signal Reversed (A Double Top Breakout which breaks the downtrend)
• We have a 112.85 bullish price objective, with a reversal triggered at 109.6 (2.27% vs. -.67%)
• Long-term Bearish - Price is less than 50% of the entire chart
  
• Short-term Bullish - Price is above 50% of the S4/R4 price columns
• Noteworthy - On Friday, the 5-min candlestick chart dropped like a rock in the last 10 minutes of trading

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SPX

• 6 March triggered a High Pole Warning (price raised above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise)
• We have a 2245.92 bullish price objective, with a reversal triggered at 2038.2 (9.38% vs. -.74%)
• Long-term Bullish - Price is greater than 50% of the entire chart
• Short-term Bearish & compressed - Price is less than 50% of the S4/R2 price columns
• Noteworthy - We have a triple low at S4's 2043.3

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W4500

• 6 March, triggered a High Pole Warning (price raised above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise)
• We have a 1172.7 bullish price objective, with a reversal triggered at 1070.23 (7.68% vs. -1.73%)
• Long-term Bullish - Price is greater than 50% of the entire chart
• Short-term Bullish & compressed - Price is greater than 50% of the S4/R2 price columns
• Noteworthy - Lower highs & higher lows are producing triangle-style compression, hinting towards a breakout

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Transports

• 4 March triggered a Double Bottom Breakdown
• We have a 8491.52 bearish price objective, with a reversal triggered at 9117.9 (-5.07% vs. 1.93%)
• Long-term Bullish - Price is greater than 50% of the entire chart
• Short-term Bullish - Price is greater than 50% of the S4/R4 price columns
• Noteworthy - Performed well last week gaining .42%

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NASDAQ 100

• 6 March triggered a Double Bottom Breakdown
• We have a 4103.51 bearish price objective, with a reversal triggered at 4475.5 (-4.09% vs. 3.72%)
• Long-term Bullish - Price is greater than 50% of the entire chart
• Short-term Bearish - Price is less than 50% of the S4/R2 price columns
• Noteworthy - Underperformed the other indexes last week, losing -1.92%

The NASDAQ 100 faltered last week, while the Transports picked up the slack. Which of the market leaders is right? In this case I'll refer to the small caps, they are still bullish, so I'll side with the bulls until proven otherwise.

Trade safe…Jason