As I was
suspecting in last week that if Dow maintains 13600 range then there is good
chances of testing higher levels. Though I said that Dow may test levels above
13800 but if we see recent trend then Dow has a chance to test around 14000
levels. In the last few days Dow’s movements have not indicated about the top
so unless we get a hint of that I am not sure about imminent correction.
On the other side
Dow is showing positive moves during last two weeks so if any short-term
reversal comes then important level is 13600. In last few months Dow showed
near about 61.8% retracement so now if Dow follows the same trend then it may
go below 13300.
NOTE: Please
see the disclaimer of this blog.
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