All of the Indexes are approaching their PRZ on a Monthly time frame. If you trade harmonic patterns, you know that a pattern on a longer time frame is quite reliable. I have posted Monthly charts for the DIA and SPY. They both are close to their PRZ's as well. I will short the market once we tag the PRZ's. Until then I will be buying dips. We are very close to a reversal point though. As always the 38.2% extension will be the first target. If we reverse here great. If not look for us to tag the 61.8% extension. There is very strong support at the 61.8% extension, which leads me to believe getting there is possible.