Dow Jones 30 forecast for the week of December 5, 2016, Technical Analysis

The Dow Jones 30 initially fell during the week, but found enough support above the 19,000 level to turn things around. Ultimately, a pullback from time to time is good in a strong uptrend like we have, and I believe that the Dow Jones 30 will eventually reach towards the 20,000 handle. That is my longer-term target, and I believe that given enough time we will not only reach that level, but perhaps break above it. The Dow Jones 30 should continue to strengthen after Donald Trump has announced that he wants to do a massive infrastructure build.