of a cup and handle formation:

The SPX also has a very nicely formed cup and handle but the Dow, not so much. The projected targets are calculated by adding the depth of the cup to the breakout of the handle.

$NDX currently 16,800(ish) Target 20,500 (+23%)
$SPX currently 4,775(ish) Target 5,500 (+15%)

As I said earlier, the Dow did not form a cup & handle, but if it keeps up with the other indexes, it points to

$INDU currently 37,600(ish) Target 45,000 (+20%)