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Mentorship

Dow

22 Nov 2016 ‚óŹ 06:16 AM

Dow - is slowly inching higher towards the wave E upper trendline target of 19300. While it does not have to get there, it allows time for S&P to catch up as it did today. Also it allows time for Nasdaq to complete wave 5 impulse as it made a new high today. Once complete the next major wave down should start. After an ending pattern prices often go back to the starting point of the pattern. So a top near of before 19300 would imply back to 15500 or lower.

dow-221116

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