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Dow Jones forecast for coming week.

This move was long due from DOW, during last few months it has tried this level many times. Now technical indicators say that it can still go more in the upside, if it able to cross 13400 then it may try level above 13600. So I think 13600 is the ultimate target for short term. In spite of lot of troubles the way it performed during last few years, nothing is really look as a target for DOW. If someone really wants to know the future direction of DOW, then he must think like a politician.
Last day’s move was not good, so if DOW reverses then it will get initial resistance at 13150 and then at 13000.
If it faces sell-off then it has a support at 12600. As I said in last week that worst case scenario for DOW is 11600.


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