Dow Jones 30 Forecast October 11, 2016, Technical Analysis

The Dow Jones 30 broke out to the upside during the course of the session on Monday, as we clear the top of the symmetrical triangle. I believe that we are going to run into a bit of resistance above, but given enough time pullbacks will continue to be buying opportunities as we grind towards the 18,600 level. I still believe that the 18,000 level below is going to continue to be the floor and that ultimately we will probably try to reach towards the 20,000 level over the longer term.