The 15 and 60 Minute Charts show the Dow has built out a large consolidation at the lows after dropping hard from the 14,000 level. This range continues to span from 13,150 to 13,500. A breakout from this range will likely spark another big move of about 500 points. Watch the boundaries closely for signs of potential whipsaws, as we could see false breakouts ahead of the actual breakout move.
Keep an eye on this range closely for medium term direction moving forward.
von signalwatch.com
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