The Dow Jones is expected to rise to 11280 in a corrective manner. The invalidation point is a break below 9940.

Dow Jones Forecast

The DOW  is currently in an intermediate degree Flat. The impulsive movement from March 2009 to April 2010 is corrected right now. This gives the market some breath to rise quickly as soon as this correction is over. There must be at least one more leg down after the current target is hit according to Elliott wave theory.  This leg is marked with the dashed green line. The decline is the C-wave of a Flat which means that it will be fast! The target of this decline is 9650.

DOW Jones Chart