DJIA and NASDAQ 17th may 2021

Dowjones

In our earlier post we had mentioned dowjones going up to 35000. It touched 35100 and started falling down
We have given a range of 34550 max on dow jones. However if it crosses the invalidation point of 35100 , (unlikely), we will need to do another wave count.
Dow jones is on a major downturn OR IN THE PROCESS of making a top. Sometimes top[s can take time though pricewise may not go anywhere.

NASDAQ

In our last post we had given nasdaq as having entered the bear run. This wave count can only be invalid if NASDAQ crosses the previous high and stays there for a day or two.(In which case a major bull run in Nasdaq can be expected!!!!!).
In my personal view above scenario very unlikely and we should look at the bearish count for now.