Updated on 23rd July: Dowjones chart after reaching our target! If it can manage to close in positive today, a retest of 12935 can not be ruled out!
On daily charts dowjones is now at very critical make or break level. Dow is in upward channel with stiff resistance at 12940. A sustained break above 12950 on dow may have a target of 13200. A failure here will have initial targets of 12750 and 12500 (Upward channel resistance). So it is (less) make or (more)break situation for Dowjones!
Note: Click on image to enlarge
On daily charts dowjones is now at very critical make or break level. Dow is in upward channel with stiff resistance at 12940. A sustained break above 12950 on dow may have a target of 13200. A failure here will have initial targets of 12750 and 12500 (Upward channel resistance). So it is (less) make or (more)break situation for Dowjones!
Note: Click on image to enlarge
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