Will Spring of 2022 Send The Dow Jones (US30) Into A Nosedive?
Considering US30's all-time chart and applying analysis using Elliott Wave Theory, it seems that Spring of 2022 may unleash 'tremendously bearish' news. In a hyper-extended wave, caused by years of intervention, the dip that fired off in January of 2020 (COVID 19) will pale in comparison to the next. What will this mean for America's top stocks? What will this mean for America?
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RSI is the only indicator that I use ----- as we can see, its Head and Shoulders pattern must be invalidated to stop the drop. Considering Elliott Wave theory however, there is no stopping the drop (delaying it may be possible however).
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Dow Jones will begin its return to January 2020 price levels, during mid 2022. Not sure what news will come but the chart's pattern is hard to refute.
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