Based on the Elliott Wave formula, the Dow Jones Industrial Average will drop roughly between 640 to 1780 points during September.
The Dow will reach possibly as high as 10,325* and drop to 8,700* or 9,310* (a 1,625-1,000 point drops) OR the Dow reaches 9,956* and drops to 8,178* (1,780 point drop). The smallest drop would be if the Dow reached 9,956 and fell to 9,310 (646 points).
Today, as of August 31, the Dow is at 9,463 and falling, down 81 points so far, meaning it started the day at 9,554. The Dow could also be falling right now down to hitting around 9,310* before falling further to 8,178*, which would be a drop of about 1,380 points.
In either case, the drop would serve as a correction to a bear-market rally that started last March.
*Approximate figures
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