NYSE COMPOSITE INDEX Breakout above the January 2020 peak was witnessed in December 2020.
The breakout implication suggest the Fibonacci retracement target of 17616 as shown in the chart.
Since the breakout in December 2020, the index has shown higher low and higher high on monthly chart indicating positive momentum. Expect the same to continue with intra-day month volatility but higher low and higher high on monthly chart may continue.