Dow Futures Signal New Bullish Cycle Following Successful Breakout

Dow Futures (YM_F) have concluded their corrective phase following the March 30, 2026, low and are now extending higher. The initial rally from that low established wave 1, followed by a wave 2 pullback that materialized as a zigzag Elliott Wave structure. This corrective sequence saw wave ((a)) end at 50624, wave ((b)) peak at 51331, and wave ((c)) bottom at 49865, confirming the completion of the higher-degree wave 2.

The index has since entered a wave 3 advance. Within this move, wave (i) reached 51723, followed by a wave (ii) pullback that found support at 51230. The subsequent wave (iii) advance peaked at 52380, and the following wave (iv) correction is now considered complete at 52080. In the short term, the outlook favors a final leg higher in wave (v), which will complete the larger-degree wave ((i)). A subsequent corrective phase, wave ((ii)), is expected to address the cycle starting from the June 11, 2026, low before the primary bullish trend resumes.

Provided the price stays above the 49865 level, pullbacks are expected to attract buyers. With corrective phases typically resolving within 3, 7, or 11 swings, the overall structure reinforces a bullish bias and suggests significant upside potential.

Dow Futures (YM_F) 60-Minute Elliott Wave Chart

YM_F Elliott Wave Video:

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