but when one looks at the chart this rise makes some sense.
Often when a major support line is broken the index will bottom and then bounce back strongly to
the which now forms resistance. DJI has done just this and is fast approaching the area
where a decision will occur.
My own best guess at the EW structure is that from the ATH in oct DJI is forming a
but of course there are other alternatives which will become clearer as time passes.
Note the strong momentum divergence and if DJI breaks the lower channel this may signal the
start of wave 3 black down. Good Luck