To The Moon

Dow Futures (YM) is correcting the larger degree cycle that began from the April 2025 low. The current decline is unfolding as a double three Elliott Wave structure, which highlights a complex corrective phase rather than a simple retracement. From the all-time high on February 10, 2026 at 50,611, wave W finished at 46,333, while the subsequent rally in wave X reached 48,275, as shown in the one-hour chart. The ongoing wave Y is progressing with internal subdivision that takes the form of a zigzag, consistent with the broader corrective framework. From the peak of wave X, wave ((a)) dropped to 45,453, followed by wave ((b)) which appears complete at 47,210. In the near term, as long as rallies remain capped below 47,210 and more importantly below 48,275, the expectation is for the Index to