DJI - October 19 looks more and more like a perfect hit

(Click at the pictures to enlarge)

Evidence that the October 19 closing high was a perfect hit becomes more and more convincing.

On the 5 minutes chart we can count two clear 5-wave downmoves, which on the daily would be a serie of one-two's, this is of cause the bullish case, but it still could "just" be a double zig-zag.

I do prefer the one-two serie count, as the S&P 500 has broken below and closed below the supportline from March on a Log-basis. The USD also seems to confirm the brearish count, that said we still need more evidence to call the final verdicte.

I might have to alter my brearish count on the DJI, as the first wave 2 could be a tuncated wave 5 of C, but that will not have any big effects for now.