Dow Jones 30 Forecast August 13, 2014, Technical Analysis » Fx …

Dow Jones 30 Forecast August 13, 2014, Technical Analysis » Fx …

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The Dow Jones 30 fell initially during the session on Tuesday, but found buyers later in the day in order to form a hammer. Breaking the top of the shooting star from the Monday session is will we need to see in order to start buying, and then at that point time we think the market will get very bullish in short order. Pullbacks at this point in time should be buying opportunity as well, as we look at supportive candles in order to buy perceived “value” at lower areas. Ultimately though, we believe that the market will go to the 16,900 handle.

 

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Dow Jones 30 Forecast August 13, 2014, Technical Analysis » Fx …

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