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raymondching

SHORT DJI - DOW 30 ? and general stock market?

Short
Dow Jones Industrial Average Index (DJ:DJI)  
raymondching Updated   
DJ:DJI   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns Wave Analysis TA technical analysis DJI DOW Bearish Patterns
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trendanalysis chartpattern waveanalysis ta technical analysis dji dow bearish
Now I'm no expert EW tactician but this is what I see. Using Fib Retracements, it appears that we may be on a larger time frame's C wave down. It will take a few weeks to months to play out in my opinion.

We also see bearish divergences in the RSI. Last time this happened was months ago.

2-3 week target is 23,500
Comment:
Typo, Target should be 24,500. I expect a bounce on that trend line that's drawn. If it breaks, then we'll continue down, if not, then we'll likely double top at 26,8000 this year.
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