Dow Jones 30 Forecast August 6, 2015, Technical Analysis

The Dow Jones 30 initially tried to rally during the course of the session on Friday, but turned back around to fall and form a shooting star. Because of this, we feel that the market simply doesn’t have enough conviction to continue going higher. However, we know that the Nonfarm Payroll numbers will have a massive influence on this market, so we think that perhaps Thursday might be a good day to sit on the sidelines. Ultimately though, we would not be surprise at all to see bullishness reenter this marketplace.