Dow Jones Index Futures Forecast December 20, 2012, Technical Analysis

The Dow Jones Industrial Average futures rose during the session initially, but then turned around and fell in order to be fairly flat for the trading day on Wednesday. It does look like we are trying to stall at this general vicinity, and it should be noted that the shooting star from the previous Wednesday will does Mark significant resistance.

Because of this, we see the 13,300 level as being crucial to the future of this futures market. If we can get above that area on a daily close, we would be buyers of this market. Alternately, if we managed to break down below the 13,000 level, we would consider this market broken again.