Omens

Lindsay’s Three Peaks/Domed House pattern has passed point 21 (July 20) and the question becomes ‘is the Dow headed into the final top at point 23 - or is it engaged in the typical 3-5 wave correction seen most of the time at this point in the pattern?’ An example can be seen in March 2015 (lower case roman numerals in green).

Also, the Dow Utilities index is refusing to confirm the new high in the Industrials – historically not a good omen.