Dow Jones potential bearish Path
Updated
20% corrections have been common across the landscape of the Dow Jones for the past 100+ years. Below I tried to show potential paths the Dow could take should it decide to move into a bearish (recessionary) type market. I mirrored the Time and percentage drops to the selected years. So far the Dow has acted most similar to these three selections. If the Dow shows strength again I will look for years that climbed after a 20% correction and show the potential from that angle…
Note
So far the Dow is following the 73/74 path. I do believe that most all markets (especially the Ag Commodities) have the same technical and fundamental feel as the 73/74 market structure.A nearby recovery to the 33k to 35k for the Dow would not be a surprise. But I am cautious to expect it to happen.
Note
Currently moving along close to the 07/08 and the 73/74 move lower. Maybe the midterms will help this trade sideways for a while and/or catch a bounce. If this continues to move lower, I like the trajectory of the 73/74 move
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