Dow Jones 30 forecast for the week of June 28, 2014, Technical Analysis

The Dow Jones 30 fell during the course of the week, but continues to grind sideways as the market is trying to break out above the 17,150 level, and seeing quite a bit of resistance in the process. We do think that ultimately this market goes higher, but there will probably be quite a bit of back and forth in the process. Above the 17,150 level, we are buyers for the longer term, with no real interest in selling at this point in time as the market has been in such a nice uptrend.