Dow

The Dow is in a blow off phase but the blow off does not end till it does. This is usually how blow offs happen, they go from one channel to the next, the move gets steeper and then suddenly stops abruptly. From the Nov low the momentum has remained in buy mode and till the rising channel breaks we cannot say that wave 5 is over for sure. We do have a nice RSI divergence developing from its peak reading in Nov.