This page shows the preferred current count for the Dow Jones Industrial Average in more detail. Please refer to the wave-labeling page to see which degree waves each is. This page will be updated a few times per month.
Updated June 10, 2019.
The leading diagonal option from last week is off the table, and the larger b-wave bounce is underway. Price has now reached the 76.4% retrace of the prior wave-a. Enough for all of wave-b, or will it become more complex? IMHO the latter, but that is a gut feeling and not based on data. So we simple have to track and adjust. IF more complex than today could have marked wave-a of b, and now wave-b of b is underway to be followed by wave-c of b. Note that wave-b of b can even go below wave-a… That’s why forecasting this market going forward will be less certain that what I would like it to be, but I don’t make the markets, I follow them and interpret the price action to the best of my ability. It’s obvious where support is, and as long as the Technical Indicators remain on a buy, higher prices should be expected until that all changes.