Dow Levels

Below is a 2 Year / Weekly Chart of the DOW showing a support bounce last week at the 12,750 level. This area has both horizontal and trendline support. If the DOW continues to move up next week, 13,500 will be a likely resistance area as it was a previous support level.

DOW Weekly Chart:



The Daily support shows the bounce on Friday more clearly. I've drawn Fibs at Friday's low to show retracement targets. If this market decides to get the Christmas Spirit and incite a Santa Claus rally the DOW could easily retrace to the 50% 13,500 level.

DOW Daily Chart: