Dow Jones might be testing its June highs of 27700 and should ideally stay below that, going forward. In case of a push higher, it should be shallow and 29600 should hold good. The larger degree waves are in place with Wave (1) dropping from 29600 through 18200, and Wave (2) corrective rally towards 27700 respectively. If the above is correct, Dow Jones should stay below 27600 and turn lower towards 18200 mark as Wave (3) progresses. Immediate support is seen towards 26000 and a break below would confirm a lower top is in place already.
Remain short, stop @ 29600, target is 23000, 20000 and further.
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