Tops called in U.S. Indexes on 5 Oct 2018

Tops in U.S. Indexes.

We called a top in US Indexes on 5th October 2018 looking at the 10 minute chart.  This is the post below.

Dow Jones Industrial Average Elliott Wave Analysis. As on 5 Oct 2018. CMP 26,627

Something important happened in DJIA in the last 2 days.

  • On Oct 3, daily candle formed a doji.  Based on post triangle thrust measurement, wave 5 is complete at 26,951
  • On Oct 4 (yesterday), on the 10 minute chart, there is a clear 5 wave lower.

It appears we have a long term top in the Dow Jones as well.  Price should soon gain momentum to the downside.

Long term downside target for the Dow is below **restricted**.   We are looking at a steep fall in U.S., Indian, and World markets.

Charts are showing completion of wave 5 on multiple degrees of trend.  In the U.S., wave 5 has completed on **restricted** degree.  Expect rapid deterioration in financial conditions thru out the globe for the next **restricted**.

Dow Jones Industrial Average Elliott Wave Analysis

Dow Jones Industrial Average Elliott Wave Analysis