Elliott Wave: Dow Jones Industrial Average Marching higher
Elliott Wave Forecast | Feb 21, 2017 12:22AM ET
Short term an extension and subdivided also as an impulse structure where Minuette wave (i) ended at 20155.3, Minuette wave (ii) ended at 20015.3, Minuette wave (iii) ended at 20639.8 and Minuette wave (iv) ended at 20543.2. A break above Minuette wave (iii) at 20639.8 is needed to add conviction to this view that the Index has started the rally higher. Near term, while Index remains above 20543.2, but more importantly above 20015.3, expect the Index to continue higher within wave ((iii)). We don't like selling the Index.
DJIA 1 hour chart
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