Forecast Dow Jones: Move up to 20250, then major move down

Jan 28, 2017

Forecast Dow Jones for next few months: Small retrace, then move up to 20250 (162 Fib level), then swift move down.

Move up should happen between now and mid March.

This is the first time i analyse DJIA, so don't hold your breath ;]

Feb 1, 2017

Note

Update: First leg down finished.

Looking for surge up to make a new all-time-high.

Trapping everybody in super bullish sentiment.

Feb 7, 2017

Trade active

Update:

Dow dropped and reversed up as predicted.

Notice that move up is deceptive since only the bank-stocks pulled the index up while most other stocks in the index struggle(d).

This all fits in the picture of forcing bullish sentiment while distributing in the background.

For now expect more upside, looking for a move up to the 161 Fib at 20250.

Visual update:

Feb 7, 2017

Note

Wrong chart!

Should have been this one: