Elliott Wave View: DJIA Futures (YM_F) Should Extend Higher
Short term Elliott Wave view on Dow Jones Future (YM_F) suggests that rally from March 9, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the chart above, we can see wave (2) ended at 25448. Now wave (3) ended at around 26507.
Up from 25448, wave 1 ended at 25823, wave 2 ended at 25744, wave 3 ended at 26289, and wave 4 ended at 26126 and wave 5 of (3) ended at 26507. Below from there it is in the wave (4) pullback before more upside afterwards should be seen. We don’t like selling the Index as the right side is to the upside against 25448 low.
Up from 25448, wave 1 ended at 25823, wave 2 ended at 25744, wave 3 ended at 26289, and wave 4 ended at 26126 and wave 5 of (3) ended at 26507. Below from there it is in the wave (4) pullback before more upside afterwards should be seen. We don’t like selling the Index as the right side is to the upside against 25448 low.
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