Mentorship

Mentorship

US Indices

30 Sep 2015 ‚óŹ 05:35 AM

Some of the US indices like the Dow Transports and the NYSE Composite below are showing a 5 wave decline. It is therefore possible that prices pause here for a few days before going lower. If a larger 5 wave decline from July completes than a larger counter trend move can also develop. But wave counts vary across indices.

nyse300915

Like the Dow or DJIA below is still above the August low and at the 61.8% retracement level. The fall shows overlapping legs so it is not clear if the move is a new wave down or part of an ongoing X wave. If 15980 holds it might still be part of an X wave.

dow300915

Comments (0)

Categories

Latest Articles