Dow January 26

Well the Dow is only 0.93% of invalidating the 1-2 bearish count, Elliot theory puts form before ratios and the form still looks like a zigzag or double zigzag retracement, we’ll know soon, but it appears that we need a bear miracle to confirm the count.


Check for this 10 day momentum levels in the following days, a 2.41% drop is needed today to reverse momentum, a 2.2% from today’s level will take tomorrow 10 day’s momentum below 0.