Trend No. 1 it's the very old trend.
Trend No. 2 start from 2009 .
In Dec. 2016 Dow Jones break out the major trend ( 1 ) to the trend No. ( 2 ) in June 2017 Dow Jones break out of any trend which is not a good sign for the future of the index and during the history of Dow Jones since 1988 it use to make strong corection every 9 - 10 years .
And by studing the history of Dow Jones we can find that first sign for the hard corection it appear from the indecator when the convergence/divergence mark appears as shown on the chart for two times ( Dec 1999 - Nov. 2007 ) and now what will happen in 2018 ???
Why i'm expecting a hard correction ?
1st the Index cycle as i have find it on the chart it's 9-10 years.
2nd is too high
3rd on Fib we can see on the chart it's on the 161.80% and from this level of Fib usaly should be a retest for the 100% on Fib
So in my opinion in case if the convergence/divergence will be complet this will confirm the beginning of the correction.
First target will be as shown on the chart then can reach 2nd target too.