Dow Jones Weekly for May 19-23 - Rakesh Chandra

On an EOD basis, Dow Jones is going to qualify an extended 3rd wave on an EOD basis. A corrective move 3-4 is on cards.

Pivot, lower target and upper targets are valid for the current week only.

UPWAVE (4-5) T3 :13,262;
UPWAVE (2-3) T2 : 13,190;
UPWAVE (0-1) T1: 13,074;

Price is bullish above weekly pivot point of 13,002.16;
Price is bearish below weekly pivot point of 12,957.84;

DOWN WAVE (0-1) LT1 : 12,886;
DOWN WAVE (2-3) LT2 : 12,770;
DOWN WAVE (4-5) LT3 : 12,698.