DJI | Elliott Wave | Bearish View | Jeremy Wagner

Dow Jones Industrial Average appears to be moving higher in a 'c' wave. Within the 'c' wave, we appear more than half way through the impulse. If the trend continues higher, the area near 27k may offer a reaction. Regardless, my view is that the next major move is likely to the downside.

Wave iv of 'c' or the wave 'b' low can offer a short entry on a break down. That way, if this analysis is incorrect and price continues higher without hesitating lower, then we can be saved from a losing trade.