Dow April 3

dow april 3 2018

This chart is taken roughly an hour before today’s close. It shows the entire wave in a little more detail and guess what, surprise surprise the move stopped right on the trend line. That was good for roughly 400 points so with yesterday’s late rise of 300 points we are up about 700 points. Almost as much as we lost the day before.

If this is indeed the end of the -wave of an A-B-C correction then we should keep going up. If not we might continue down. Right now I have no idea other than breaking either the upper or the lower line of the diagonal will probable tell us where we go next, but that is sort of a tautology just in case you did not notice.