Last week I told that if DOW goes up in early days of the week then it will get resistance at 13100. I was pretty sure that if DOW does not drop in early days of this week then it will not drop much.
Now it looks to me that it may again re-test 13100 but that is a narrow possibility. Here I am not too much confident that DOW will cross 13200 in coming days, this is in spite of the fact that some indicators are supporting the higher moves.
Looking at the long-term chart, I have a feeling that DOW has a chance to drop more in later days of the coming week. If it drops below 12900 then there is a possibility that it may test level below 12700, though this is subject to new bad news. Worse case scenario for DOW is 11600.
NOTE: Please see the disclaimer of this blog.