Loading ...Dow topped off and started showing bad down side break outs during mid 2015 and early 2016. It could not eke out a new high for over a year until mid ’16 after Trump started campaigning, and predicted a lot of positive things.
Dow hit the 200 dma in early ’16. So, the entire Dow climb from ’16 to ’18 was an accident, not supposed to happen, and it aborted and delayed the 2015 correction. So, this new correction has a LOT of catching up to do going down.
There are two ways to figure things. One is using precision charting, like a sight on a recurve bow, or instinct, like shooting the bow without a sight. Or golf or basket ball, no precision sights.
Dow 2015 top: http://schrts.co/8ARD8v
Dow chart longer term showing the March 2000-2003 crash, 2007 – 2009 crash, the aborted 2015 crash, and the 2015 crash resuming itself in Feb 2018.