Dow Jones Industrial Average Futures Forecast December 18, 2012, Technical Analysis

The Dow Jones Industrial Average futures rose during the session as the index itself gained 100 points on Monday. This signals that the markets are trying to price and good news out of Washington DC, as the President and the Speaker of the House met during the day and appear to have made strides going forward in this conversation.

Because of this, there will be more of a “risk on” type of field to the markets in general, and the Dow Jones Industrial Average should continue to rise as a result. Looking at this chart, we feel that a move above 13,200 will lead to higher levels going forward; including the 13,400 level which we figure is the next target.