Dow dropped 105 points (-0.7%) on Friday. With the up and down side way movement in the last 8 trading sessions, it appears that the correction since 22nd May is slowly developing into a higher degree wave (viii) with 8% correction.
Dow may be able to complete its wave (viii) by early July. The following wave (ix) is likely to bring Dow to the 16,000 level or even higher in the next few months.
After that, the main question is whether the mega wave 1 has only 5 waves and it has ended ?
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