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Possible end to the correction?

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Today marked a higher low in the Dow Jones at the 78.6% Fib which could possibly signal that 14844 a few days ago was the bottom of the correction.

I can't be sure of this yet, but based on the FTSE and S&P's charts it seems likely. In order to confirm this there now needs to be a break above 15300 to form a higher high and that will be our cue to go long. WIde stops would be needed however as volatility is very high in the indices now so we must be very careful as
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Guest Tuesday, 17 May 2022