Dow Jones

Looks like I am getting my welcome relief downhill. The count shown is for a more bearish picture but ignore that for now (or substitute the pink counts for numbers if you prefer: 1,2,3....) and focus on the confluence of trend lines at 15332. This is also the boundary of the regression channel from low to high, so my shorts are out there until further clarity unravels either way. Recall, I expect this to be a 25day low and the 1st in the 100 day cycle, so another rise into the 50 day cycle would possibly be a good long to take in due course, although as this is the last 100day cycle in the 3rd 80week cycle, it is tense with the 54month low just around the proverbial corner - see yesterday's Cyclic Phasing post for more info.