Dow Jones daily chart view has been presented here again after few trading sessions. Looking at the wave structure, the indice could be still working on a potential flat A-B-C at least. Please note that Dow has remained almost unchanged since past few trading sessions and could be possible that a potential top is in place at 26150 levels. Also note that a standard flat structure would remain valid till prices stay below 26600 levels going forward. A safe trading strategy could be to remain short from here, with risk at 26600 levels. If this wave structure holds well, we could see a sharp reversal lower towards 23000 levels at least.
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I agree. probably one bullish day or two at most left in this run before it pulls back. Doubt it will go above 26268, the bearish Gartley Fibo previously described. Others have spotted this as well. Let's see.
In the panic buying this am, hitting 26188 was already way OP. Good luck!
jeffreyjim
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"Excellent Post" -- Thanks
One very good "Elliott Wave Count" -- 9-13-2018
In the panic buying this am, hitting 26188 was already way OP. Good luck!