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Dow Jones 30 Forecast August 6, 2015, Technical Analysis

Christopher Lewis
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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.

 

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