Dow Jones 30 forecast for the week of December 12, 2016, Technical Analysis

The Dow Jones 30 rallied during the past week, as we continue to explode with this “Santa Claus rally.” I believe that given enough time we should pull back but that should only find buyers at lower levels. I certainly wouldn’t be shorting any of the US indices right now, and the Dow Jones 30 of course is no exception. In fact, it’s probably the strongest one at the moment. Ultimately, this market should then go to the 20,000 level, probably sooner rather than later at this point.