F
fibo_trader
Dow Jones target = 36,150
SPX target = 4508 (exceeded slightly) ...................... adjustment made here for the final roller at year 2012 instead of 2009 low due to the obvious 3-wave structure of the declines. Therefore it had to be a 4th wave that ended in 2012
Dow Jones Transports = 16,170 (done) ................. this is a 2-step process due to the fact that target was hit perfectly in 2018. Therefore due to the clear 3-wave down move thereafter the measurement process is applied to the 5th wave to give equality at 16,170. Therefore according to this, the dow Jones transports has topped already
SPX target = 4508 (exceeded slightly) ...................... adjustment made here for the final roller at year 2012 instead of 2009 low due to the obvious 3-wave structure of the declines. Therefore it had to be a 4th wave that ended in 2012
Dow Jones Transports = 16,170 (done) ................. this is a 2-step process due to the fact that target was hit perfectly in 2018. Therefore due to the clear 3-wave down move thereafter the measurement process is applied to the 5th wave to give equality at 16,170. Therefore according to this, the dow Jones transports has topped already