So DOW reacted on its short-term bearish pattern which I mentioned during last few weeks. As I was expecting DOW reversed its position in later days, though its last day move was not good.
From here it can drop more; therefore if it breaks 12600 then it can test lower levels in coming days. Worse case scenario for DOW is 11600. Here I must say that if it has to drop it may drop in early to middle of the coming week.
In the upside if it crosses 13100 then it resistance is at around 13300 level, but this will be applicable if it chooses to go up in early days of the week. But if it goes up in later days of the week then around 13000 will be a good resistance.
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