DJI - Major correction coming to the stock market?
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Kept it nice and simple, but these retracement fibs line up scary good for the DJI to peak somewhere shy of 37,000, at which point I would expect a major correction. Risk off/Strong dollar? Turned a few trendlines into a rising wedge to top it off.
Note
36.3-36.6k seems to be where my shorter term fibs end up, but horseshoes and handgrenades at that point..Note
Got the pullback at 36.5 for those shorter term fibs, before putting in a higher high to my original longer term 36.9 target, that looks an awful lot like mid January-February 2020 before covid.
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