Dow’s movement was flat this week so most of my last week’s forecast is still applicable on it. During last few months I was talking about the medium-term bullish pattern for Dow Jones and now it looks like that Dow is triggering that. If this bullish pattern works-out completely then roughly it may go up to around 14200. If it able to cross 13600 then next resistance is at around 13800.
In coming week early days may be a testing time for Dow because if it does not able to cross 13600 then a minor correction may not be ruled out. Even if it gives little correction or moves flat in early days, it may go upside in later periods. If Dow drops from here then around 13300 is its initial support level and 13200 is its next support level. I will think about a future short-term bearish pattern if it drops around 13000.
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