DJIA – Dow Industrial Average (Last:17737)

DIA continuation lookedUsing a bullish pattern in the E-Mini S&Ps, I projected a 700-point rally in the Dow if certain criteria were met. The bullish pattern shown (see inset) will not quite get the Indoos there, but they’ll be about 80% along the way if they hit the 18035 Hidden Pivot resistance near the top of the chart. A rally to at least p2=17829 seemed all but certain when the closing bell rang on Wednesday, but traders will have to interpolate using the E-Mini Dow to get aboard overnight.  Thereafter, DIA can be used Thursday morning to catch a ride from 17829 to the 18035 target, or perhaps even higher.