Dow Jones analysis

Dow Jones index rallied 330 pts last night. It is a very important rally, breaking the downtrend channel. Please refer to the below chart.

Shortists may need to practice extra cautions. The 50 DMA was broken, the first resistance will be 11716. If broken, the 200 DMA will be challenged. Personally, i do not expect DJ to rally consecutively 8 days to touch 11716. I expect a sideway channel to happen at the moment. November month will then be the key period.