Dow Jones Industrials (DJI): Wave 5 Still Not Placed

SUMMARY

Note: For anyone who missed the BitcoinLive Information Webinar, here is the replay link:

As of June 4, ALL Crypto Analysis will be posted on the BitcoinLive channel and Steemit will be dedicated for Equity, Commodity and Options Analysis. To Signup for the BitcoinLive limited Founding Membership slots, use this link: https://get.bitcoin.live/haejin/

You'll begin to see that the SPX and DJI move in a very related manner; similar to how BTC and ETH are moving. That is largely due to the uniformity of sentiment which means that many owners of the DOW components also own the SPX.

The below chart shows a symmetrical triangle (red lines). The ABCDE waves seem also complete and price has likely broken out of the top trendline. IF this is the case, a renewed impulse up could be expected.

alt

The higher degree of trend white waves 1,2,3 and 4 are now probably complete and that leaves white 5. The subwaves of white 5 are shown in blue and so far blue 1 and 2 could be placed so a renewed rise towards blue 3 would be probable.
alt

Look how price is traversing so nicely within a channel; hence, most indicative of an impulse style move. the blue wave 5 is likely to target the upper trend line or close to it complete the white 5. This means that the DOW could hit 29,500 or maybe even 30,000. These numbers were forecasted late 2017 by Hive account@haejin in his blog.
alt

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?