(Click at the picture to enlarge)It sure looks like we got a impulsive five wave down move from the 4,051.76 high. The rally since the 3,656.23 low does look corrective and we should be close to wave v of c top. I do expected the 78.6% retracement target at 3,967 to protect the upside for at least one more five wave downmove as wave C or even better wave 3 of a new five wave decline.
Are looking for 3,967 to to hold for a break below 3,853 (wave iv of c) and more importantly 3,749 which will prove this to be a zig-zag correction and call for a decline to at least 3,571.
If my count is right, we now have a clear divergence between the DJI and DJT, which calls for a top in DJI and the other major indices soon.
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