Dow Jones 30 Forecast November 11, 2015, Technical Analysis

The Dow Jones 30 fell slightly during the course of the session on Tuesday, but bounced in order to form a bit of a hammer. Ultimately though, we had a very tight range, so it appears this market is simply content with sitting still at the moment. We believe ultimately this market goes higher, so we have no interest in selling at this point as the buyers are still most certainly in control. Given the chance, we believe that this market will break above the 18,100 level yet again. Selling isn’t even a thought.