Dow Jones 30 Forecast November 17, 2015, Technical Analysis

The Dow Jones 30 bounced off of the 1720 level, as it looks as if the buyers are starting to reenter this market. There were several supportive and neutral candles at this level during the middle of October, so now looks like “market memory” has entered the fray. With this, I believe that we are going to continue to go higher, and a break above the top of the candle during the session on Monday should be a buying opportunity. The market should then reach towards the 17,600 level, and perhaps even 17,700. With no interest whatsoever in selling this market.