Today we have arrived at the 11,600 backtest area of the upper S&R rail on the Dow. This backtest could go on for several days before we know for sure if its for real. A strong closing price above the S&R rail would be a negative. Note, our top S&R starts at the big double bottom hump. If you follow the top S&R rail to the right, starting at the double bottom hump, you can see how this rail has cleanly reversed it’s roll between support and resistance.

Dow backtest of the 11,600 S&R rail.