ChapmanWave

The depth of this Dow slide suggests that there was a Phantom Peak-C on 8/20.24, making the last Peak a Peak-D, for a Sell Signal - identified belatedly by me.

The market's action, and recation after this mornings 8:30amET jobs report, and the close today could determine next weeks' action.

Yesterday's rally was a struggle, today there needs to be higher prices - in all the key indices.

That slump yesterday was deeper than the usual Peak-C slide in the Dow, and that now means some upside reversal must unfold very soon.

That was a terrific up close, at a new all time high for the Dow, Friday. There should stilll be a Leg-D to come - probably this week.

The soared to a new all time high, and only in Leg-C, with at least a new Leg-D still to come if the CW Buy Mode unfolds.

There is now a high probability that the Dow attempts to push higher to a Leg-C witin days.

Finally, daily Peak-Bs in the Dow and QQQ, Peak-Cs in the SPX and IWM; still positive for all these indices.Peak-iwm

The Dow and the IWM-Small Caps, did best yesterday, but a moments' rest is likely here.

The Dow extended Leg-B, approaching the ATH 'magnet' line.