GDOW is significant in that the wave [A] peak has been breeched by the recent downturn marked at 2033 labeled (1) down. So by Elliott Wave rule, the GDOW primary count cannot be a wave 5 of any degree going to new highs. It would have to be something else. This is why we should pause on the U.S.market counts for now.
The same overlap does not exist on the NYSE yet it is still lagging badly. yet the count allows for an alternate that it can make a new high and then we would probably label it as a large 5 wave move since its 2009 low.
A curious pattern in the DJIA. We'll keep an eye on it.