DOW

A little off topic, but I don't like how the Nasdaq Composite
.IXIC (INDEXNASDAQ) has broken it's trend line & today's open it is dropping quite a bit!

dow - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...KfOZi1c5hnxnTE1nLbo=

off cousrse we must wait to see how this opens....and trades today...
going by the futures atm....this will gap below the 200 day ema line line currently 24971....as well confirming a 1,2,3 high/lower low...as remo pointed out below...that in itself is indicative of whats to come here...

while below the 200 day ema line...no longs here...only selling the rallies imvho...

lets see
atb, wdik, dyor,
trendfriend

There is a massive 123 high formation on this.
24896 is the level to watch on this as a break below this and down she goes.
I’ll post chart latter as away from computer.

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...X8iCN7xXaCGKW8NUM%3D

the trade was the short to the 200 day ema line....on the break of the wedge/channel form yesterday...then long again at the 200 day....
the short bounced off that level almost perfectly....

question is will that level hold??? im not confident with a long here tbh...

i got a feeling this last hour will be nasty imvho...lets see

atb, wdik, dyor,
trendfriend

where is the DOW in regard to Elliot waves? Have we Completed all the 5 Major UP waves back from 2009 or are we in the last leg up still?

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...7QSdvFRDO6D2Fsw7Q%3D

this has broken this channel from july...and the 50 day ema line today....could well possibly fall another 1000 points in the coming days to the 200 day ema line...
so while below 26035... most likely more down side to come here....

atb, wdik, dyor,
trendfriend