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.  

Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane
Ananyavrat
2016-06-24
Hi Surfer,

Super calls !! And analysis.

Bravo for your brexit call !!
Whats next?

Ull need to update all indices!

Ananyavrat
Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani