Dow Jones Industrial Average followed through above 15800 after breaking resistance at 15700 to signal a fresh advance. Expect retracement to again test 15700 in the next few weeks, but respect of the new support level strengthens the breakout signal. Long-term target for the advance is 16600*. Rising 21-day Twiggs Money Flow indicates medium-term buying pressure. Reversal below 15500 is unlikely, but would warn of another test of primary support at 14800.
* Target calculation: 15700 + ( 15700 – 14800 ) = 16600