Dow Jones 30 Price Forecast – Dow Jones 30 Sees Noise

Dow Jones Technical Analysis

The Dow Jones 30 continues to drift higher as we have seen a significant amount of upward pressure over the last couple of days. The early hours on Thursday, of course, saw the market break well above the 40,000 level. So, at this point in time, it’s likely that short term pullbacks will continue to attract a certain amount of attention. Short term pullbacks could see the 50 day EMA offer support as most technical traders will at least pay close attention to that.

The market rallying from here could see the market go looking to the 41,000 level. But really at this point in time, I think you’ve got a situation where we are a little stretched. So, at the very least you’re probably looking for some type of value. The market will continue to see quite a bit of volatility as the overall global economic picture is a bit of a mess, but right now at least, it looks like everybody’s willing to accept the fact that the Federal Reserve can save everyone.

Remember, the entire idea of the stock markets are based on leverage, and cheap money for Wall Street to gamble. However, every once in a while, the economy itself is something that people will focus on, and in this environment, it is likely that we will have something big happen sooner or later, in the real world. It is at that point in time that the Dow Jones 30 will fall apart. As for right now, it seems there are still plenty of buyers.

For a look at all of today’s economic events, check out our economic calendar.