Sub-wave vii can indicate directions

I always give special attention to the 7th wave because sometimes it can provide some hints to the short-term future index or price movement.

The latest 96 points up for Dow is sub-wave vii. In a market that is nearing its end this vii will be weak and with low volume with the following viii and ix waves overlapping each other as shown below, then it is the end of wave 5 indicating the completion of major wave (III).

However if this sub-wave vii in the next two session can become dynamic with high volume, it will be able to punch through the upper resistance line as shown below. Its magnitude can equal to the sum of the magnitudes of sub-wave i to v or 1.618 of the sum. Under this scenario with a dynamic sub-wave vii formation, the uptrend should be able to last until December.

Next two days should be able to tell. Personally I am expecting a weak sub-wave vii with overlapping sub-waves viii and ix to complete the wave 5 and the major wave (III).