willworknow

Dow Temporarily long with Ending Diagonal Possibility

Long
DJ:DJI   Dow Jones Industrial Average Index
3
You can see the negative divergence on the Awesome oscillator shown below. This indicates weakness....which is typical with tops and Ending Diagonals....if that's what's happening. My only issue, so far, is how to label this ED. The gray labeling shows another possibility where we will go down to 17350 for wave 4. With other global markets in bearish mode, it is hard to see how we'll make it up to the 19000 mark.
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