Dow Jones, Nasdaq 100 & DAX 30 Forecasts:
Dow Jones Forecast
The Dow Jones continued its rally final week, closing above 28,000 for the primary time in historical past. After breaking larger earlier this month, technical obstacles have been sparse and the basic panorama accommodative – permitting for an prolonged run. Trying forward, the Dow can now look to take pleasure in assist in areas the place it beforehand confronted resistance.
Dow Jones Value Chart: Day by day Time Body (February 2018 – November 2019) (Chart 1)
To that finish, the DJIA may take pleasure in potential assist across the 27,500 stage which marks the highs established in July and September earlier this 12 months. Subsequent assist may come into the fold across the psychologically vital 27,000 stage earlier than horizontal assist at 26,700 is required – however such a retracement would possible require a critical basic shift.
Nasdaq 100 Forecast