DJIA – Dow Industrial Average (Last:15876)

Using Wolfe Wave signals, a chat-room denizen has determined that stocks are especially vulnerable to a downturn right now. This sent me to the DJIA chart to see if there were any corroborating signs. As it happens, yesterday’s high, achieved in the closing minutes of the session, came within 5 points of the 15890 target shown. Although we cannot predict with perfect confidence that this Hidden Pivot resistance will stop bulls in their tracks on Friday, if it fails to do so and the Indoos push decisively past it, any shorts who have been battling the Frankenstein Bull had better line up an escape route.