Rio Olympics like the Stock Market

Olympic host, Rio de Janeiro, is getting a lot of coverage in the media and not all of it good.  Much of the news is very bad and yet the games go on… similar to the equity market.

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).