- Wave 4 of the impulse wave should be completed now.
- Profit target based on Elliott Wave is 11,585 when wave 1 = wave 5, when wave 5 is .618 of wave 1 around 11,610.
- Fibonacci projections have wave 5 carrying the DJIA to 11,530 which is inline with the 1.618 * wave 1 projection of wave 5.
- Market Strength: Strongly Bearish
- Market Trend: Strongly Bearish
- Market Strategy: Trail stop loss order & take profit at 11,530.
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