A clear 5-wave decline in major global stock indexes (including the Dow and ASX200) signals the initial decline in a developing bear market trend. From a 20-year optimistic extreme of 96% bulls in late January to the bearish extreme sentiment of only 9% bulls on 8 February, these DSI readings both signaled the selloff and the bounce which followed. Looking to short markets at key Fibonacci and resistance levels after the 3-wave bounce has completed this week or next. A selloff below last weeks lows will signal the next wave down of a steeper plunge in global markets.
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