Can the Dow Jones Industrial Average hold above 16,700?

This will be a big week for the Dow Jones Industrial Average:

1. U.S. jobs report on Friday
2. Tentative but key support level at 16,700
3. Index in all-time high territory
4. Major, intermediate and near-term trends are up

Reference the last chart analysis for index.

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“Always trade in the direction of the major trend”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.