Dow Jones Industrial Average Fibonacci Price Target

Fibonacci price relationships may be indicating an approaching top to the bull market in the Dow Jones Industrial Average.  The Industrials registered a closing high on February 9, 1966 of 995.15. The Industrials have demonstrated a series of Fibonacci numbers at important highs, the high of 1929 of 381.17 being notable as close to the Fibonacci number 377. At this point in September 2025, the Dow Jones Industrial Average, long considered the bellwether for U.S. Stock Prices, is approaching a Fibonacci multiple of the 1966 high. Being as the 1966 high was associated with the true Grand Supercycle top in real money (gold) terms, that high seems logical to project a Fibonacci Multiple with respect to a price target for the final high in nominal equity prices. The high today, September 23, 2025 was 46,714.27, whereas the Fibonacci price target based off of the 1966 high is 46,743.01. Given the gap up in prices and reversal today, the final nominal equity price high could well have been registered during today's session. If not, and this Fibonacci Relationship is to be of consequence, the final top should be imminent.