Dow Industrials (Last:8504)

The 9008 target is growing a bit stale, even if it remains viable in theory. Here’s a target that is equally valid and which is proffered to stretch the bearish imagination:  7569. It is the Hidden Pivot midoint of the pattern shown in the chart, and the implied 1000-point drop doesn’t seem like much of a stretch in the context of the larger, bearish patterns at work.