Last week I was expecting that Dow may show slight correction and it is good to see that it maintained 13400 level. Now I will be worried if Dow does not cross 13500 level because in that case bears will be in power.
Dow has already triggered its bullish pattern and as I said in past that it may take time to react on this pattern because it is not a straight one. This type of small correction is quite possible so in coming days situation may change and it may cross 13600 levels. 13800 is its next resistance, Dow can go up to 14200 if it fully reacts on this medium term bullish pattern.
On the other side if it again fails to cross 13600 level then it may make a very short-term bearish pattern which may take it towards around 13200 level. It has initial support level at 13300 and I will think about another bearish pattern if it drops around 13000 level.
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