Dow surged about 240 points after one hour of trading on Wednesday morning, the first day of September. Last two days of pullback formed the first sub-sub wave (one dot - two dots) of the uptrend iii. Using wave i's magnitude as a guide, a wave iii with a similar magnitude as wave i, 11,100 can be a minimum target for wave iii.
The fact that the wave i of major wave (3) is so much smaller than the wave i of major wave (1), major wave (3) is going to have a magnitude that will be much smaller than that of major wave (1), this is a typical wave (3) of B. Since this major wave (3) takes the form of five waves,
i-ii-iii-iv-v, B is likely to drag until October.
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