Is the First up Leg still going?

The Dow found support today around 11400, more or less over the internal trend line.
Both 10 and 20 days momentum are positive. The index went from 10655 to 11644, a 9+% gain in 9 trading days, a consolidation was mandatory.

Most of the times the first up waves after a big drop retrace up to a 75% of the movement so be in the lookout.



Resistance at 11600 must be broken decisively for a continuation of the up leg.

Anyway November and December are coming.