We live in a world where markets are being 'juiced' by central banks, and I guess one must keep that in mind when looking at these and other charts. Its certainly playing havoc with bond yields and distorting post QE economic data (IMO).
Before looking at this indices, this is a follow up to a previous posting on Goldman. It looked like there was a forming triangle but the triangle pattern no longer appears viable. Upcoming resistance at $155.
A 25 point box value on the Dow Jones makes this chart quite noisy but it was worth showing, as it is currently pointing to an almost perfect double top at 11,225. That target is active, as the most recent column of X's has given a double top buy signal, having taken out 10,450. To the downside, there is a target of 9,200 but this will fall away if the Dow pushes on through 10,675.
Funnily enough, the 50x3 closing chart on the Dow is more muddled and shows the continuing battle between bulls and bears. More clarity is required here, ie to confirm the bullish target the current or next column of X's really needs to take out the previous high at 10,650.