Dow Industrials ready to have a major reversal?

7 Nis 2016

This is a follow up from 2 months ago when I suggested there would be one final up move in the Dow which started right after that. At that time I thought the likely stopping point of the rally would be the solid top black line which has now been reached. If we get a clear reversal pattern now I think we will be starting a major bear market. Of course it the market blasts through this line the next likely stopping point would be the next up "fan" line. Good time to watch closely. Take care. Goodguy.