With the Presidential election providing a bullish case for stocks, it will be interesting to see how well the Dow Jones can hold up in 2012. Technically the index will need to maintain support at 11680 by the end of December, and this level could potentially help lift the Dow higher to reach for 12350 as a price objective. If cleared this could pave the way for 12545, which could be a tough barrier to overcome.
So far the Dow has already attempted to clear this level with a high in at 12876 but it has been unable to sustain a hold above this key resistance level. Any moves below 11345 – 11250 could turn the index into a bearish phase and suggest that we may see an opportunity for moves down to 10335 which could even possibly lead the Dow down to 9422.
Dow Jones Industrial Average Index Technical Analysis 2012 Economic Preview
For the near term the index is looking strong and the current bullish momentum is likely to carry over into early January., the current stage suggests that if the Dow Jones stays above 11680 then this could also be a potential Reverse Head & Shoulder pattern that could take this index above 12350, which is the current neckline. Upside targets could be expected at 13469. For the latest updates on the stock market, visit Stock Market Today
stock market trading technical analysis 2012, what will happen Dow Jones 2012, Dow Jones Technical Analysis forecast 2012, Dow Jones in 2012, Dow Jones Private Equity Analyst Outlook, us stock Technical Analysis Outlook 2012, Dow Jones resistence level january 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today
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