As of 10:50 AM it looks like they may be drawing a large intraday "W". If they do, and it comes back down below 29348.1 then I believe the crash is days away from beginning, more than likely next Monday.
A large discernible "W" has been drawn today, 2/6/2020, same day as daily chart "W" is completing. Same day as all time intra-day high...so far
Looks like 2/6/2020 and 2/7/2020 Possible two day top (days 37 and 38)
Possible crash on Wednesday, 2/12/2020 (234)
They are actually or have already drawn 2 WV's today. Could this be pointing to 2/12 and/or 3/11???
Does this mean top is in and down turn begins. It may, it may not. Either way, the crash is only a short time away as the 3 X's (W's with a 1) are complete.
Bare minimum predictor here is that after the 3 123's are complete the rally is over. So does this mean that the top is in. I don't know. You would think so. The rest of the day today and tomorrow will probably determine this.
Note below that the last X is on a Friday. Note also that a blank four falls next, but without a label for the day. "Crash" = 4. 2020 = 4. The article was published on 8/11/2017. Trump was selected on 11/8. 8/11/2017 was on a Friday.
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| Clickbait For CNBC Article Published On 8/11/2017 |
The completion of the 3 123's does not mean the top is in. But, read the headline above. If the rally's day's are numbered by this third W-1 (X) would that not mean that the top will be in. Could it mean that the rally will only continue for a short time afterward...I guess so, but it would make more sense that after the last W-1 that the move is down. We shall see no later than Monday more than likely.
Note below on this last W-1 that the closing high so far is at the left pinnacle, and that the intra-day high so far is today on the far right pinnacle. If it closes today below 1/17 then this will make it a twin top, with each being one of the W's pinnacles. This would be very important indeed.
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| DOW Chart As Of 2/6/2020 Midday |
