markrivest
Short

DJIA In Final Rally Stage

TVC:DJI   DOW JONES INDUSTRIAL AVERAGE
58 3 3
The DJIA             appears to be nearing the peak of the post Horizontal Triangle rally. There's some doubt as to where the Horizontal Triangle ended. The second bottom made on 11/18/16 looks like the better of the two because the sharp move up after that bottom is more in the nature of what usually happens after a Horizontal Triangle.
If the earlier bottom is the correct wave (4) bottom it would extend the rally.

Very short term it looks like the DJIA             could rally maybe another 20 to 30 points. A top could come in the first hour on 11/23/16. If not, then perhaps at 2:00 PM ET when the FOMC minutes are released.

There is a very high probability an important intermediate stock market peak could come on 11/23/16.

Mark

Mizer
7 days ago
Many think we are in wave 3, not sure which wave 3 (mostly in SPX), but I am thinking wave 5 as well
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markrivest Mizer
7 days ago
Hi
Later I will have a post about the SPX wave count.

Mark
Reply
Mizer markrivest
7 days ago
@markrivest, TY, will check that action out.
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