Mentorship

Mentorship

Dow

27 Feb 2020 ‚óŹ 06:50 AM

The Dow broke the most in US indices going back and overlapping with the 2019 highs. This is not good. A couple of trendlines broken. The big picture slowly turns very negative till we get serious financial intervention. And even after that if contagion continues to worsen the social mood then interventions might not work.

dow 270220

The second chart zooms in on what the Dow shows, this is not so on Nasdaq but on this chart the Dow did not go above 161.8% and we can therefore consider this as a long term expanded flat as well. This would be a alternate wave count to keep in mind, else mark the top as wave 5.

dow 270220a

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