Industrials have been hotter than hot this year and you hate to see the Dow industrials of all things go down but, is this a temporary short here? A sharp correction might follow this big gasp up even if further rallying is eventually in the cards?
We have a rising wedge in formation. It will be interesting to see what will the Federal Reserve do next week. If nothing, we will have a bunch of Stocks, Metals and Cryptos on sale.
If the 5th Elliott wave represents the historical
all time high of the Dow Jones bull market for
more than 100 years, then it is possible that
the stock market entered a historical bear market.
The only confirmation for this scenario is the
Dow should decisively break the lower trend
line of the channel and sustain trading below 19500.
Currently we may see some...
