DJIA Dow Industrial Average (8519)

The chart shows how I came up with the 6195 target for the Indoos that’s mentioned in today’s commentary. When we looked at the chart during yesterday morning’s Hidden Pivot tutorial session, I thought the Dow looked like it needed another week’s worth of distribution before a C-D follow-through leg could commence in earnest. This is still true in visual terms, but it is nonetheless imaginable that the second, inevitable, hellish downdraft still to come could occur without much of a pause.