Dow Jones Industrials has completed another leg of up trend building since last pullback to 8100.
Current resistance at 9600 has not been broken. A pullback to 8800 is likely if it fails to break out 9600.
However, if 9600 is taken out, the next resistance is 10,750!
Marching to 12,000. It will form a double top on this long term chart, which means we may see some pullback around 12,000.
IShare Russell 2000 ETF (IWM) shows a pullback into the support area. Let’s see if this uptrend line holds.
DOW Jones Average seems to be testing the support area.
DOW Jones Industral Average pulls back a little. I expect that we may see a pullback around 10730. If you are bullish, it may be an opportunity to get on this rally at the year end.