Like the other major indices, the Dow is probably in subminuette wave 5. Unlike the other major indices, it appears to be far behind the others, which may cause it to result in a truncation. Once completed, it should begin minor wave X.
Of all the major indices, the Russell 2000 appears to be closest to finishing subminuette wave 5, so it may be leading the market. Subminuette wave 5 in the Nasdaq 100 also appears pretty close to completion. The S&P 500 and the Dow appear to be lagging behind the Russell 2000 and the Nasdaq 100, with the Dow lagging considerably far behind.
Of all the major indices, the Russell 2000 appears to be closest to finishing subminuette wave 5, so it may be leading the market. Subminuette wave 5 in the Nasdaq 100 also appears pretty close to completion. The S&P 500 and the Dow appear to be lagging behind the Russell 2000 and the Nasdaq 100, with the Dow lagging considerably far behind.
