Dow

Back at that trend line again and it looks like it became the lower perimeter of an expanding diagonal rather than a contracting. Shorter term cycles look tired getting back down to this line but the 4hr upwards haven't blinked to the downside yet and as I mentioned all last week, the 25 day low is due and it is usually worth 400+ pips against the main trend, which for now is up. What I am looking for is evidence that this 1st 25day cycle in the 4th and last 100day of the 3rd and last 80week cycle, is the beginning of the roll down to the 54month cycle low due from October onwards. That is not to say that the whole of the next 54 month cycle keep that downward pressure on but this current cycle needs to complete first with a respective low. As such, 400 pips is just a starter for ten unless there is more upside first. For me,15400 is a good initial target as per then 3.125day volatility range.