Dow Jones 30 Forecast August 17, 2015, Technical Analysis

The Dow Jones 30 as you can see rose a little bit during the session on Friday as we continue to try to find support near the 17,350 level. After all, we formed a massive hammer on Wednesday, which of course was the first sign that the market might be getting ready to bounce. We believe in the longer term uptrend in this market, and therefore we are buyers as it is probably only going to be a matter time before we reach towards the 17,750 level. When no interest in selling at this point.