Global Dow continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 370. If prices crosses up 418, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
W1DOW as reached the target range forecasted in our post of May 31 and reversed as predicted. It seems to have finished the minor corrective wave 2 and should soon be tracing minor wave 3 down with strong momentum. The probable target for the end of minor wave 3 should be below 370. If price crosses up 418, this analysis should be reviewed. FOLLOW SKYLINEPRO TO...
As forecasted in the April 7 post, Global Dow surpassed the target at 377 and just crossed the 0.618 retracement, typical of second waves. Intermediate wave C is tracing minute wave 3 up, therefore we may see a probable additional growth of 5% before the trend reverse in direction to new lows. A possible target is at around 410. If the index cross down 354.80 the...
Global Dow is currently tracing a counter trend move up at wave 2. The most probable target before the index follow the path to new lows is at 377. FOLLOW SKYLINEPRO TO GET UPDATES.
The Dow Jones Global Index just broke below the post GFC lower trendline. Note that it hit it's all time high and went lower in February when hitting the upper trendline. Could have very bearish implications.
Like many breakouts, it may test this line a bit or perform a false breakout and retest. Will be interesting to watch what happens, but definitely a...
