Dow Jones 30 forecast for the week of July 4, 2016, Technical Analysis

The Dow Jones 30 initially fell during the course of the week but found enough support at the 17,000 region to turn things around and explode to the upside. With this, the market looks as if it is testing the 18,000 level, an area that has been resistive in the past. Keep in mind that Monday is Independence Day, so the beginning part of the week may be fairly quiet and of course Monday itself will be closed. With this, and that pullbacks should offer buying opportunities in this market, because we are showing so much in the way of bullish pressure, and a move above that 18,000 level since this market much higher.