Dow Price Forecast – Dow Jones 30 Continues to See Buyers

Dow Jones Technical Analysis

The Dow Jones 30 has shown itself to be somewhat resilient despite the fact that we’re just more or less hanging around. Keep in mind that the Federal Reserve and the FOMC all of course come into focus at the end of the session as market forces continue to wonder whether or not interest rates are going to drop. They probably should, but we also need to know how much of a cut and if we are going to continue to see cuts going forward.

We should get some clarity by the end of the day be buying opportunities and therefore I think at this point we have to look at this through the prism of a market that had gotten far too ahead of itself and maybe needs a little bit of a short-term pullback in order to offer value. Sometimes you’ll get that the day after the interest rate decision, perhaps the market goes higher and then the next day people start to think about things, take a little profit, it drops back a bit, and then they follow again.

We are very much in an uptrend, and I don’t see how that changes, especially if we do see easy money due to the fact that the Dow Jones 30 is chocked full of companies that will benefit from more loose monetary policy via construction and industrial demand, et cetera.

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