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Dow

15 Oct 2018 ‚óŹ 10:11 AM

The Futures chart gives some perspective on US markets. The Dow daily chart has been looking like it is still only 3 waves down. The Dow futures chart below then shows the last two days action as a triangle. So we cannot rule out one final move lower to complete a 5 wave decline in the Dow below the recent wave 3 low. Once we get a 5 wave decline then a more meaningful bounce back and retracement of that fall is possible.

dow 151018

The daily chart of the Dow spot shows v=i going down to 24790

dow 151018a

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