Dow Jones Industrial Average | Comprehensive Technical Analysis

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Dow Jones Industrial Average

A Comprehensive Technical Analysis | Blog & Video

Elliott Wave Plus

Introduction

Today’s video post is an excerpt of our January 2, 2022 weekly Counts webinar for Pro and Premium Plan subscribers at ElliottWavePlus.com.  This excerpt consists of Sid’s highly detailed coverage of the Dow Jones Industrial Average.  Sid starts by showing a cluster of several long-term Fibonacci targets in the 41-44K range on the Dow.

Dow Jones Industrial Average

Sid explains that all this market needs to produce that grand Supercycle wave 3 top is a completed 5-wave structure up from the March 2020 low into that long-term target range.  At this juncture, it appears that a 5-wave non-overlapping impulse is well underway from that March 2020 low.  Hurst cycle analysis is current projecting that a major top will occur in the Dow in approximately late-May 2022.  The Hurst projected top on the highly correlated S&P-500 is a little later, in late-Sept 2022.

Sid also explains that if the black (intermediate degree) wave 4 that ended in March 2020 was a completed expanding triangle that started in January 2018, that would explain the very aggressive nature of the rally from that low.  Thrusts from triangle formations are typically very aggressive, with only brief and shallow pullbacks until they are done.  Also, thrusts from triangles are terminal, which means that they are the final wave within a larger pattern.

This video shows in great detail how Sid combines Elliott Wave and its associated Fibonacci price targets, and Hurst Cycle analysis.  By carefully combining those two methodologies, our subscribers are provided not only specific price targets, but also specific turn dates.

As Sid’s moves though his analysis from longer to shorter timeframes, more Hurst turn date details are revealed, which shows how amazingly accurate our shorter-term projected turn dates have been in recent weeks and months.  Unlike virtually all other Elliott Wave forecasting services, we leave many months of our forecasting history on our site (available to paying subscribers), so you can go back and check our accuracy (or sometimes lack thereof), rather that trust the avalanche of potentially bogus testimonials as published by our more marketing-minded competitors.

Also shown in the closing minutes of the video is our proprietary momentum algo and sentiment conditions template.  Screenshots of those two templates (including trade signals) are provided to our Premium Plan subscribers every evening on about twenty of the most popular trading futures contracts and ETFs.

Video

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We offer a number of subscription levels.  Some are mostly about future roadmaps based on a combination of Elliott Wave and Hurst Cycles, and others are based on automated algos.  Sid presents his Elliott wave counts, which include integrated Hurst cycle analysis on over one hundred trade-able items for subscribers (Basic Plan & up) every weekend.   He sends out updates on the most popular of those items every Wednesday.  Crypto and Premium Plan subscribers receive algo screenshots nightly, as described in prior blog posts.  Sid’s unique approach is well worth considering, especially if you’ve never experienced wave labeling and associated Fibonacci price targets that are derived in harmony with independent Hurst cycle analysis. Here’s more info about subscribing.

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Click here for many more testimonials spanning the last ten plus years.[/vc_column_text][/vc_column][/vc_row]

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