On Friday, the Dow hit 25,883.25 and is within 1% of the current projected scenario model closing price of 25,669.61 for February 19, 2019 (+/- 1 trading day). A separate calculation indicates a retracement of 80% (+/- 3%) is expected for the Dow’s decline between October 3, 2018 and December 26, 2018. As of Friday the Dow has retraced 79.6% from the low in December. The Dow is still expected to start moving lower next week.
Intermarket structural analysis research