Elliott Wave 5.0 "Reboot"

Monday, February 15, 2016

DJIA Intraday Chart Review: Here We Go Again!



This DJIA chart does not confirm the SP500 as the DJIA did not travel to a new bear market low but stopped well short, before it shot up in dramatic fashion.  There is also an open gap below so in the future this will get closed.  

At least a correction should be due, and a possible upside breakout past 16,500. The markets would have to blast much higher, to help confirm that what we have gone through, was just a bigger correction.