paddington bears - sentimental thursday, page-3

Here's a few DJI charts.

The first is of the last 7 months. Seems this thing has been following the black line. It's been getting rejected at the red line above it, but also bouncing off the 20 EMA.

The 200 EMA is around 12,100. Is this holding it back?
Do we go back to 11,400 and bounce (which may coincide with the 20 EMA bouncing off the 200).
Do we go back to 10,600 to confirm this as the new 'Ground Zero'?
Do we go passed that and head back to 7,900? Surely we can't keep going up from here?

In a few days, black meets red. Place your bets? Seems that will be the deciding battle as to which direction we take. Do we start hugging the red until 13,150 (76.4% Fib line from GFC H/L) and then slowly decay downwards?
My money's on red (Wesley Snipes says, "Always bet on black, but then he's in prison for tax evasion so what does he know? LOL)

Fibs are always subjective, but this one seems to fit, so why not wear it? Will there be one last thrust upwards before we capitulate?

Look at the bottom. Almost intersects with the (green) all time support line, drawn from the last 2 recession lows. Could this be the double dip and then upwards we go?

So, up to 13,300 then down to 7,900?