Mini DJIA: Are The Bulls Returning?

I mentioned that the DJIA had  a move that would put it into Minute degree already. Another finished zigzag pointing down, can send the markets the opposite way, which looks like it already has started.  The DJIA counter rally has already gone far enough, so if this impulse goes ballistic chances are good, it’s in a “C” wave bull market. This would just lengthen the time this wave 2 can play out, but it’s that odd secondary peak that was out of place.

We are building a base for support, but this is only a temporary roadblock. It may take the rest of this month before this rally hangs in there and keeps soaring. March seems to be a popular month for reversals, but we’re also running short of time. If an inverted zigzag still needs to finish, it will still get retraced by 100% or more.

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