Dow Future Short term Elliott Wave view suggests that Intermediate wave (B) ended at 23204. The rally from there is proposed to be unfolding as a leading diagonal Elliott wave structure. Minute wave ((i)) ended at 23599, Minute wave ((ii)) ended at 23432, and Minute wave ((iii)) ended at 24328. Minute wave ((iv)) is in progress to correct cycle from 11/23 low and while pullbacks stay above 23618, expect another push higher to finish Minute wave ((v)). The 5 waves leading diagonal rally from 11/15 low should end Minor wave 1 of a larger degree when Minute wave ((v)) is complete later. Afterwards, Index should pullback in Minor wave 2 in 3, 7, or 11 swing before the rally resumes. We don’t like selling any proposed pullback.
YM_F Dow Future 1 Hour Elliott Wave Chart
