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Dow and S&P

27 Oct 2018 ‚óŹ 09:35 AM

All US indices look like 5 wave declines. The chart of the Dow is below. The daily chart shows wave 5 breaking down into 5 waves now. The entire fall will be wave 1 of a bear market. So once we get a reversal in wave v of 5 the next move up would retrace 50-61.8% of the entire fall in wave 2 up.

dow271018

The S&P has fallen far and the low is at 78.6% retracement of the entire 5th wave from the low of wave 4. A good support zone.

snp 271018

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