For the time being, amidst classically lethargic summer Thursday trading and ahead of tomorrowââ,¬â"¢s Employment Report, I am viewing todayââ,¬â"¢s action in the Dow Jones Industrial Average as an upside continuation of the recovery rally that began at the June 14 low of 106.66, which projects to a swing target zone of 113.40/60.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.