Closing Bell Update- Diamond Chart Patterns

Dow Jones Industrial Average (INDU) - Daily chart and Monthly charts
On Feb 14 the pattern scan picked it up that the INDU was in a diamond continuation pattern. The pattern duration for a diamond continuation is 291 days. Therefore, this is a slow moving pattern. Do not buy calls one month out! Diamonds are difficult patterns to play. I have added a before and after chart of the INDU from February in which I had given the price target of 11350. I had picked that price target because I knew it was going to be strong resistance. If we exceed 11350 we will raise the target again. On the daily chart you can see that the INDU has broken out of the diamond and bull flagged and continued it's run upwards. Today the INDU is at new 52 week highs. It is up 0.43% at 11258.21

Dow Jones Industrial Average (INDU) - Monthly chart
My price target for the INDU is 11,350. I will illustrate this by analyzing the monthly chart. First I will discuss support and resistance levels for the INDU. I have this target because 11,350 is the next resistance level. Support is currently at 10,600. Should the INDU surpass 11,350 the next resistance level is at the all time high of 11,750.20? Furthermore the DOW has surpassed the 72% Fibonacci retracement level and we are now at 11,300 which the is 90% retracement level. Therefore, we are headed for 11,350. The INDU has held its moving averages and is consistently moving upwards. On the monthly, you can also see that both the PPO and Williams % are both turning up. Volume is also expanding and the RSI is not even overbought.

S&P 400 Mid Cap Index (MID)- Daily chart
As I have reiterated before, the mid caps and small caps continue to out perform the market. The daily chart of the Mid Caps shows that it has been going up steadily and staying in its uptrend channel. Today the MID is at a new 52 week high up 0.47% at 785.79.

S&P 600 Small Cap Index (SML) - Daily Chart
Same as with the mid cap index. The daily chart of the Small Caps shows that it has been going up steadily and staying in its uptrend channel. Today the SML is at a new 52 week high up 0.38% at 384.22.