Wave (C) up will soon be complete

Yesterday’s DJIA increase was on expansive volume. It’s rare when the DJIA leads the market higher especially when tech index NASDAQ includes Apple, Microsoft, Amazon, Facebook, and Google. This was the case yesterday.

The DJIA wave pattern closed a March 6 and March 9 gap yesterday.

Overall, the A-B-C wave pattern which started on April 29 is almost complete.

The last leg Wave (C) has three potential completion points higher: 25,864.70, 26,121.20, or 27,090.80.

Once Wave (C) and Primary wave 2 (bear market rally), which started on March 23, is complete, the Primary wave 3 can begin.

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