Dow & The Week of Dec 15th

DJFOR-W 11-19-2014

 

For months, our computer has been targeting next week – the week of December 15th. This target appears poised to present a low perhaps on Monday, which is also a panic cycle target.

DJind-w 12-15-2014

 

We can see that the Dow has remained nicely within the upward channel. So far it has not broken key support nor has it penetrated key resistance. This is a normal trending market so far.

DJFOR-W 12-15-2014

 

Next week should provide a turning point. We then have a Directional Change the following week. Mid January will be the next target area. Keep in mind we need a weekly close below 17235 to suggest further downside into January.

DJFOR-D 12-15-2014

 

DJIND-D 12-12-2014