DJI - Ending diagonal close to completion

DJI - Impulsive rally from 1932 could be close to completion

DJI - Ending diagonal close to completion 

While the S&P 500 hasn't made a new all-time high yet, the DJI has set a new all-time high after the Trump election victory. This new all-time is very close to completing an ending diagonal that has been developing since the August 15,370 corrective low.

The high has been seen at 18,873, but after a minor consolidation one more high just above this high is expected to complete wave v and turn prices strongly lower. The first downside target to look for is the origin of the ending diagonal at 15,370, but as the entire rally from 2009 and possibly even back from 1932 is near completion, we should be looking for a serious correction unfolding.  

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Ananyavrat
2016-06-24
Hi Surfer,

Super calls !! And analysis.

Bravo for your brexit call !!
Whats next?

Ull need to update all indices!

Ananyavrat
Tommy
2015-02-26
Great call on nat gas

Just wanted to drop you a note to say great call on nat gas as it held 2.67

Great job.

Tommy
Thomas
2014-08-11
Sublime Counts!