Introduction
This is a quick update on $DJIA.
On the 8th of November the $DJIA reached a high and if past performance on the Gann Master cycle does repeat this might well be a first signal of a change in trend.
I have updated my two main analysis on the $DJIA: the Gann Master Cycle dynamic analysis and the daily chart that both seem to suggest a high may have been reached and a change in trend could have started already.
Gann Master Cycle dynamic analysis
The Gann Master Cycle dynamic analysis update is shown below.
The expected high in the $DJIA came in just a week earlier on November 8th and only approximately 11.58% short compared to previous cycle high.
$DJIA - Daily chart update
There are quite some other cycles in the next few days and weeks until the end of December 2021 on below chart that still may have some influence and keep the $DJIA meandering for some weeks to come.
As discussed in earlier posts November 17th (today) is an important date to watch. Not only because this is 1080 days (3x360°) from Dec 3rd 2018 but also Mars is opposite (180°) Uranus and Saturn Helio travelled 18°37 in time and approximate 1000 x the time (longitude) in price from the low in 2020, nearly doubling the low on March 2020. So price and time are aligned and a change in trend may occur.
The Mars Uranus Cycle is also know as the panic cycle see my earlier posts and a link in that post to the research of Arch Crawford on this. From his analysis you can clearly see that it can take some time before this cycle really becomes dominant.
Next to this the Fibonacci 161.8% extension target on the pitchfork has been hit and geometry suggests a possible high could have been reached as well.
Conclusion
My target high on the $DJIA, based the Gann Master Cycle, has been reached. The Gann Master Cycle indicator has been reasonable good in projecting the main trend in the past few years. It is not the only cycle that is in force and at times (not so often) can invert. There are some other cycles to consider as well that will evolve in the very near future. This could keep the $DJIA meandering for some time even well into end of December 2021 and early 2022.
Be careful out there, past performance is never indicative for future results. Our posts are for learning and educational purposes only.
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