Here is an update on the Dow Jones since I adjusted some points on the support and resistance lines. If you want to check out my previous blog, kindly click here. Overall, the DJI still appears to be heading upwards despite its 122-point decline during the last trading session as it just bounced off from the support line a few days back. If this pace continues, the index could head up and reach its 11,309 resistance. A break above this could lead the Dow to the 12,000 area. If it tries to but fails, the unfavorable could happen as the right shoulder of a potential head and shoulders formation could be drawn. Upon breaking below the neckline of the possible head and shoulders, the price could land on the next significant support which is at 9,000-9,200. Looking at the brighter perspective, the ascending channel (blue parallel lines) seems to be still intact and as long as it is, the index could just move along with it.