Dow Jones Industrial
Dow Jones Industrial (DJI) is possibly in wave v of c in an a-b-c correction. That is usually the last leg of a decline and could mean we are close to the bottom. On the way down, the lower end of the channel is at 34464. In addition to this, the 20WMA is currently pegged at 34752. DJI is hovering around its support zone and it would be interesting to see its weekly close. On daily charts, once we close positive we can confirm that wave v of c is complete and wave iii up resumes and attempts to breakout of the falling channel.