3 May 2018 ‚óŹ 06:30 AM

The Dow has several bounces in the last 3 months and each one ended as a corrective advance [meaning dead cat bounce]. Just last week we fell below the April low. So you can disagree on the recent declines being impulsive, but the rallies, like the one of the last two days on this 15 minute chart below, was a-b-c, with b being a triangle. A corrective rally = downtrend continues.

dow 030518

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