Dow Jones 30 Forecast November 4, 2015, Technical Analysis
The Dow Jones 30 broke higher during the course of the session on Tuesday, using the 17,800 level as a massive supportive level. With that being the case, the market should continue to go much higher, and as a result we are buyers only. In fact, we feel that there is essentially a “floor” at the 17,500 level now. We are not expecting massive moves higher, just more or less a simple grind all the way to the 18,100 level above. Pullbacks should be thought of as value going forward in this market.