The recent gyrations could have ended a small ending diagonal, but unless it breaks down hard below yesterdays low, then there is the possibility of seeing a minor new high for an alternative ending diagonal idea I am watching.
If the current move is a variation of an ending diagonal, then I suspect its close to or has ended a 5th wave of a larger impulse wave from the Aug 2017 lows. Once the trend from the Aug 2017 lows has ended, things should start to get more volatile for both the YM and INDU. The SPX has a very similar pattern and the analysis is essentially the same with a few slight differences between the wave counts.
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