WaveTrack International

Elliott Wave Financial Price Forecasting

Dow Jones Completes Correction

by WaveTrack International| January 20, 2017 | No Comments

Stock Market Bullish Ahead of Trump’s Presidential Inauguration

The Dow Jones’ short-term corrective decline that began from December’s high of 19911 (futures) originally unfolded into an expanding flat pattern, ending at 19661 (see previous reports). This has now extended into the next support level measured to 19606+/- prolonging the pattern into a ‘double-three’, i.e. expanding flat-x-zig zag ending into yesterday’s session at 19607 – just 1 point from the fib-price-ratio level.

Dow Jones - 13th January Forecast and 20th January 2017

Dow Jones – 13th January Forecast and 20th January 2017

The Dow Jones is now expected to resume its larger uptrend ahead of D. Trump’s Presidential Inauguration scheduled later today. This is also bullish for all other indices.

More on this subject in tonight’s Market Report.

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Category: Dow Jones 30, Elliott Wave, Elliott Wave Charts, Elliott Wave Patterns, Elliott Wave Principle, WaveTrack International

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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