Dow jones monthly-December targets 19625 and then 20100

Dow Jones December 2016 outlook

Dow Jones December 2016 outlook

DJIA index on last trading session closed at 19170. Dow jones index price trend and momentum both are strong bullish. For month of December, Dow jones major support pivot level is 18750. Above this level, DJIA remain bullish and buy and accumulate. On upside targets are 19625 and then 20100. Expect some correction and consolidation and then primary rally will resume.   Weekly closing below 18750, will falter uptrend and enter into major corrective phase. Below 18750 on weekly closing basis, DJIA futures will become bearish and sell for targets 18300 and then 17400.   From medium to long term view, DJIA weekly chart is in strong bullish trend and momentum is around peak. Look like this rally have its targets around 19500 to 20200 zones.

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Pramod Baviskar

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