Analysis: Dow Jones Industrial Average
RATING: STRONG SELL
Analysis Method: Wave Theory & Fibonacci
Currently, the Dow has completed Cycle Wave 1 and Cycle Wave 2. Cycle Wave 3 begun with a Micro-Wave sequence that featured an extended sub-wave 1.
Micro-wave 1 completed on Feb. 8th at the close on Friday. Most likely, the corrective Micro-wave 2 will transpire over the weekend.
Micro-wave 3 is expected to begin on Monday or Feb. 11th.
The target area for Cycle Wave 3 is between $202-$169 which are Trend-Based Fibonacci Extension Levels 1 and 1.618, respectively.
Option Trade: Coming Monday!
-The Humble Watcher
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