Dow Jones for June 16-20 - Rakesh Chandra

It looks like Dow Jones would have another day of upside. This will form the upper channel, and then it would go down again, and one can expect it to touch the lower channel.

Upwave (4-5) UT3: 12,560;
Upwave (2-3) UT2: 12,491;
Upwave (0-1) UT1: 12,381.

Price is bullish above weekly pivot point 12,312.14 and bearish below 12,269.86.

Down Wave (0-1) LT1: 12,201;
Down Wave (2-3) LT2: 12,091;
Down Wave(4-5) LT3: 12,022.