Dow's rebound from 50-DMA on Wednesday if followed by a day end closing above the channel resistance today would suggest the rally from post Brexit lows has resumed and the prices could head towards recent cyclical high of 18,167 levels.
On the other hand, failure to take out channel resistance followed by a day end closing below 50-DMA level of 17,747 would open doors for a drop to 17,538 (23.6% of Feb low-Apr high)
On the other hand, failure to take out channel resistance followed by a day end closing below 50-DMA level of 17,747 would open doors for a drop to 17,538 (23.6% of Feb low-Apr high)
