Dow Jones 30 Forecast August 21, 2015, Technical Analysis

The Dow Jones 30 broke significantly to the downside during the session on Thursday, as the 17,150 level was tested. That being the case, the market is testing serious support. With this, it is likely that we are going to continue to find bearish pressure, but we need to break down below the 17,000 level in order to feel comfortable selling. A supportive candle in this area could be a buying opportunity, but ultimately we think that volatility will probably continue to be the norm for this market over the next couple of weeks.