Assets charted: Dow Jones Industrial (.DJI)
DomiStock’s automated support and resistance lines leave no doubt that Dow Jones has gone to a sideways mode. However, although the forecasting matrix sees some pressure in the very short term it forecasts more upside in the next 15 and 50 periods. Notice that when using longer periods in the forecasting matrix, it’s not the percentage change forecast that is the most important but that one for the general direction of the price.
