Djishort
DOWnGiven the daily technicals as well as the fundamental / sentimental risk I believe the DOW is in for a leg down.
DJI near the end of its 5th wave?Base on Elliott's guideline of equality where if wave 3 is the longest, wave 1 and wave 5 should be equal, the DJI shouldn't go higher than 21785.
Based on this we should be very close to a correction.
A wave analysis of the S&P500 shows it is too close to a correction based on the same guidelines. S&P500 idea linked below.
