The DOW could not hold or make a new weekly high this week. It fell to close below the falling 21 week MA keeping my technical forecast picture alive. On Monday there will be a new bar and the 8 MA will get its steepest upside movement since the number 8 bar from the right will have its lowest close. It will not be enough for a cross of the slightly down moving 21 MA. The intraweek's double top at 12.989 could be tested again week July 23. But if the high holds during next week the coming 2 weeks will slow the 8 MA's rise down considerable. I expect a very interesting trading week from next Monday.
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