The DOW is still in correction mode. Over a month ago I predicted a big correction of a few thousand points. We saw a 3300P crash equal to a 12% decline, after which a big shortsqueeze in wave B happened.
The DOW likes to go the path of the biggest pain possible, so another even bigger drop is likely. Wave B could be done on Tuesday. The only problem I see with this is, that a lot of people are already expectng this drop.
Even big banks and hedgefunds are screaming "be careful and aware of the drop". This is why it might not happen and just jump to new alltime-highs directly.
But if you see a sharp decline of a few hundred points any time next week, expect the pattern to complete like shown here.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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