DOW

Dow futures hit within a few pips to the target initial target level 14848, if this level gets smashed through then 870 /900 next up.

WaveSurfer wrote: If the dow can continue to at least rally to 14900+ or spx 1604 then likely the low has been put in and will likly confirm a wave iv low @549

Watch >590 >652 > 680 > 714 > 752/4 > 848 area on Dow today...

cheers WS

Another overnight futures drop to a 61.8% Fib. All looking good for wave 5 so far IMHO.

The level to watch for a finish above is 14796....If it can finish above that then good chance of a move higher in the short term. The dow did bounce of the short term trend line yesterday.


dl.dropboxusercontent.com/u/4899609/dow25thjune.png

me personally am just waiting to see how things progress.

dow & spx currently struggling at the current levels spx 1587/9 dow 15774/80 - failure to take these out then expect a reversal

J- not only was it the 61.8 level - there's another .....88.0 from the highs of 15550 area to your previous 4 @ 14444, again see the bullish Bat ?

If the dow can continue to at least rally to 14900+ or spx 1604 then likely the low has been put in and will likly confirm a wave iv low @549

Watch >590 >652 > 680 > 714 > 752/4 > 848 area on Dow today...

cheers WS