Everything seems on track. The DJIA is lagging badly the SPX which is what I predicted weeks ago. But the count seems sound. The overall target is that the S&P500 makes a new all-time high this summer probably within the next 5 weeks.
This shows a different perspective and a higher wave degree concerning the DOW. I mainly included it because prices are lagging.
The Global DOW has made a new all-time high, however. Significant divergence from the Industrials.
Again, it’s all about the debt loads. The extreme technical oversold condition on the monthly scale has been worked off. This is not a bullish configuration.
