In my last post I noted possible Nasdaq resistance at the .786 retracement level and a declining trend-line.
The Nasdaq moved beyond both implying more upside in the near term.
The DJIA has the clearest wave count and appears to be near completion of a Elliott wave Ending Diagonal from the August 24, 2015 bottom.
A Fibonacci 89 calendar days after the 8/15/16 top targets 11/12/16 a Saturday.
Monday 11/14/16 is a full moon, based on these to factors 11/11/16 is a possible turn date
and perhaps a significant top.
Mark
The Nasdaq moved beyond both implying more upside in the near term.
The DJIA has the clearest wave count and appears to be near completion of a Elliott wave Ending Diagonal from the August 24, 2015 bottom.
A Fibonacci 89 calendar days after the 8/15/16 top targets 11/12/16 a Saturday.
Monday 11/14/16 is a full moon, based on these to factors 11/11/16 is a possible turn date
and perhaps a significant top.
Mark
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