Dow Jones Weekly May 26-30 - Rakesh Chandra

Dow Jones is oversold on the hourly and daily charts. After a relief rally, fresh selling will continue.

The pivot, lower target and upper targets are valid for this week only. Dow is bullish above weekly pivot point of 12,521.50 and bearish below pivot point of 12,422.50.

For the upwave, we have Dow Jones targets of 13,102 - 12,941 - 12,682.
For the downwave, we have Dow Jones targets of 12,262 - 12,003 - 11842.