Another midday reversal and sell into the close. All the major indexes seem to be in agreement.
From a head and shoulders pattern, the downside target in green.
After hugging that cupper channel line for many months, it finally broke back under.
The DOW looks like the NYSE count sort of. There are several ways to label the (4).
Robert Prechter of Elliott Wave International has the pattern as a rare ending expanding diagonal triangle.
One could say the Composite closed under key long term major support.
