Dow Jones 30 Forecast November 18, 2015, Technical Analysis
The Dow Jones 30 broke higher during the day on Tuesday, as we continue to see bullish pressure enter the US markets. Now that we are above the 17,500 level, we believe that this market will then reach towards the 17,700 level, perhaps reaching towards the 18,000 handle after that. Pullbacks should continue to offer buying opportunities offer short-term charts, ultimately, we believe that the Dow Jones 30 should reach towards the 20,000 level over the longer term. We believe that there is a bit of a floor at the 17,250 level below.