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Last night, Monday 04-23-18,
I concluded the nightly analysis for the DOW jones by saying this,
"The completion of another 'i' 'ii' pattern, will signal that the market is ready for a serious acceleration to the downside again."
Todays near 800 point market sell-off came brutally quick to those who were not expecting it!
But armed with a simple 'i' 'ii' wave count, and an expected target high for that wave 'ii' to complete.
Allowed us to be prepared for todays serious drop!
And according to the current wave count, this is just the beginning of a far larger move for the stock market.
Are you prepared for whats to come?
Check out last nights analysis below, and what happened next!
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DOW JONES INDUSTRIALS
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[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]My Bias: market topping process completing
Wave Structure: Impulsive 5 wave structure, topping in an all time high.
Long term wave count: topped in wave (5)
I have been watching this market with interest today,
There is a possibility that wave 'i' pink has completed today at the low of 24328.
There has been a compression in price between Friday and Monday,
Which can be viewed as a contracting triangle wave '4' blue,
And the low of the session is labelled wave '5'.
The price is up about 120 points off the low,
So wave 'ii' may have begun this evening.
The completion of another 'i' 'ii' pattern will signal that the market is ready for a serious acceleration to the downside again.
Tomorrow;
Watch for a three wave rise into about 24600 again to complete wave 'ii' pink.
We had a target at 24600, a completed wave pattern, and an expected decline in wave 'iii' to come.
Heres what happened today!
Target hit,
And wave 'iii' down begins!
If you want to get ahead of the next big move in the markets,
Check out our membership offers page for more details.
Can you afford not to?
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