Technical analysis of Dow Futures indicates a bearish trend with a projected target of 49570, following the completion of a corrective wave structure from the August 2026 highs.
Dow Futures (YM) are currently exhibiting a bearish double three corrective structure that originated from the August 5, 2026 high. Following the completion of wave (w) at 51609 and a subsequent corrective rally in wave (x) to 52840, the index has resumed its downward trajectory, confirming a technical setup that points toward a target of 49570.
The current Elliott Wave analysis identifies a target of 49570 for Dow Futures.
The index is currently in a double three corrective structure that began after the August 5, 2026 high.
Dow Jones Industrial Average futures face downward pressure as technical analysis reveals a double three corrective structure. The index has broken key support levels following a peak at 52840, signaling a continued bearish sequence.
The outlook is bearish, with Elliott Wave analysis projecting a decline toward the 49570 level.