DOW JONES AVERAGE - Monthly Chart - Forecast

If the 5th Elliott wave represents the historical
all time high of the Dow Jones bull market for
more than 100 years, then it is possible that
the stock market entered a historical bear market.
The only confirmation for this scenario is the
Dow should decisively break the lower trend
line of the channel and sustain trading below 19500.
Currently we may see some
slight pressure up before down.