Though Dow intra-day charts chowing some weakness, daily charts are still firm and indicating some more up side if consolidated above 13000. Immediate Dwo resistance zone is 13200-300, if sustained above it may target new high. Supports are now placed at 13050, 12975. If 12950 breaks then it may become weak to test deaper supports like 12800, 12600. MACD, MAs supporting Dow up move, though momentum is weaken. For now everything looking 'all is well' for Dow, but deeper corrections happen when everything look good and everyone is bullish...let us see what will it do in coming days
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