The Daw John rallied during the Asian period trading Tuesday as Bank of America's profit boosted sentiment and also the SP 500 and also JPMorgan's earnings yesterday boosted the Daw Joh's rally.

Technically: --tries to complete the Harmonic Bat pattern (BAT) and we expect maximum ascent to be near 34,160 point levels that have more than a bearish trend on the daily and weekly frame

So we can start selling Dogons in small sizes, especially if there are reflective candles on the index to target 33,750 levels as a primary target and then 33,000 levels.

Scenario fails if peak levels breach 34,520

Follow us on the free TV channel from here.