DOW makes a positive pattern and it is due to act on that but like many other indexes it is not triggering.
If that bullish pattern works out then DOW can test level above 13400. Last day’s close was better, considering its low. So early days of the coming week are very important for DOW, if it maintains 12750 level then it has more chance to trigger the bullish pattern. From June, DOW is moving upside and there is a chance that it may make higher highs and if that is true then we are going to see positive moves from it in coming days.
On the other side if DOW breaks 12750 level in early days then it will get support at 12600 level but if it drops more then it will get good support at around 12400 level. Here I must say that it has a chance of making a short-term bearish pattern if it tests levels around 12400, though it is in initial stage.
NOTE: Please see the disclaimer of this blog.