Monday, May 21, 2018

Dow gained 298 points to 25,013

Dow moved up strongly on Monday when the US and China came to an agreement to drop their tariff threats.


The close to 1.2% gain has practically shorten both the duration and magnitude of its sub-wave ii. Or can this be a lower degree correction?

By assuming that sub-wave ii has ended, Dow has formed the first candlestick of its sub-wave iii.

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