Dow Jones – Weekly Analysis

On August 24, we made a call on Dow Transports. This week, the index delivered with almost immaculate precision, dropping 6.3%. But what about the Dow Jones Industrial Average? Today, we examine the latest trend structure, momentum, candlestick signals, key technical levels, and the leading Elliott Wave scenarios to determine which path currently carries the better odds. The central question is whether the Dow is simply consolidating and storing energy for another leg higher—or whether the August signals marked the beginning of a more meaningful shift in the broader market structure. If the latter proves correct, the implications could extend well beyond the Dow itself and become increasingly important for the broader market outlook. CANDLES & TA After Friday’s close, the Dow Jones remains probably the most bearish of the major indices. Three consecutive daily closes below the 100 DMA, followed by another solid bearish continuation candle, leave very little…