Dow Jones 30 Forecast December 7, 2016, Technical Analysis

The Dow Jones 30 fell slightly on Tuesday, but turned around to form a hammer. The hammer looks bullish, and it looks as if we are going to continue to grind higher, perhaps reaching towards 20,000 over the longer term which has been my longer-term target for some time. I believe that the 19,000 level below continues to offer support, and with this I think that buyers can return to this market again and again every time we pullback. I have no interest in selling, and believe that the writing is on the wall at this point.