Dow

Yesterdays sell off in US equities allowed the Dow to complete a 5 wave decline that was missing on daily charts but visible on the Nasdaq. So the hourly chart below shows the recent bounce as a 4th wave triangle and now 5=1 is done by a few points short. A 5 wave decline should be medium term bearish but short term bullish for a bounce back to the wave 4 high or key retracement levels.