Dow Jones 30 Price Forecast – Dow Jones 30 Continues to Rally Overall

Dow Jones Technical Analysis

The Dow Jones 30 is ready to perhaps break out into a fresh new high, and that makes a certain amount of sense, the interest rate cut coming on Wednesday probably propels Wall Street higher anyway. At this point in time, if we can break above the roughly $41,625 level, then the Dow Jones 30 could really take off to the upside. It would be a fresh new all-time high and of course probably bring in more FOMO trading.

This of course is a lot of what drives Wall Street, as FOMO trading is one of the biggest drivers of people jumping into the market. Whether or not that actually can sustain this type of move or remains to be seen, but as things look right now, I suspect that we very well could see that.

Between now and then, short-term pull banks continue to attract a lot of attention, and I do think that buyers will be more than willing to step into the market and take advantage of cheap contracts. In fact, I believe that the $40,000 level underneath is going to be your new floor in the market. The interest rate decision itself is already something that people are expecting. But the reality is that the press conference will be the big mover and come down to what markets believe Jerome Powell is saying about future rate cuts going forward and the strength of the U.S. economy.

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