Dow Industrials enters target box.Update on channels & count.
A month ago when the Dow Industrials was at 19804 I suggested a likely target of 21000-22500 (see link below for discussion at that time and longer term charts). This morning we entered the lower end of the target box I suggested so I thought I would update the channels that I drew starting in about 2010. With the most recent up going channel starting 2016 price appears to be at the upper trend line. Will is stop here and reverse or will it continue to climb the upper trend line until the longer term (black) channel is reached? I don't know. I will likely take partial profits today and hold rest for candle reversal. Hope this is helpful. Take care.
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