The DJTA from its all-time high in 2014 declined in a five wave pattern and appears to be in later stage of a three wave counter trend up to the . of the entire market. Confirmation that wave (C) could be complete would be a move above the (A) wave peak at DJTA 8149 only 92 points away, it could reach that level in one or two trading days. The next Fibonacci time cycle comes 9/9/16 which is 5 trading days after the last Fibonacci turn date on 9/1/16.
If the DJTA can reach 8149 it may coincide with an SPX possible top in the 2200 area.
*** On the DJTA chart I mistakenly left the label (B) off the June 2016 DJTA bottom, sorry for any confusion.