Has the Dow Jones Topped? What Comes Next
1 extracted signal · 0 resolved · 1 still active
MCO MarketsIndependent analyst profile- Source published
- 31 Oct 2026, 13:55 UTC
- Recorded by Tahlil Plus
- 31 Oct 2026, 19:25 UTC
AI-generated source summary
The Dow Jones Industrial Average (US30) is currently in a bearish trend, having potentially completed a B wave at the 53364.02 level. The analysis suggests a further decline, with wave 1 of a larger C wave expected to target the 30502.66 level. This target is derived from the 50% Fibonacci retracement level of the preceding upward move, which is often a significant support area in corrective patterns. The fail bound for this bearish outlook is set at 32391.99, which represents the lower bound of the yellow box, indicating that a sustained move above this level would invalidate the current bearish assumption. The current price is observed at 31568.18. The analyst is considering a more complex alternative where the B wave extends higher, but the primary view leans towards a downward continuation. The immediate support to watch is around 31500, followed by the key target at 30502.66.
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.