DOW WEEKLY CHART UPDATE
This is the Dow Jones Industrial Index with my momentum indicator setup at the fast setting, showing the price held relatively high in the range and closed positive on Friday's trading day, though slightly lower for the week...
I added the channel I have on the monthly chart, and it shows the price has stopped twice at the 75% channel UTL, and is just above the Fibonacci 1.146 extension of Wave-1:FIVE...
The momentum indicator line pushed upward through its DTL and the top of the gray zone resistance area, though appears to be slowing, and if Wave-b:Y:2 is complete, then the fractal could be complete and roll over to begin Wave-c:Y:2 downward, and if not, the next likely target higher would be the Fibonacci 1.236 target above in the 31,372 range... watching.
