Dow Jones Industrial Average Could Climb Another 1,207 Points

The Dow Jones Industrial Average has had a historic year so far, rallying 4.6% and rising above 21,000 for the first time ever on March 1.

But investors have started to get spooked in recent sessions as the optimism behind Trump's tax cut plans has faded. This has pulled the index 1.3% lower over the last two weeks. The Dow Jones posted a loss every single day from March 16 to March 27, marking the longest losing streak since 2011.

However, Money Morning Technical Trading Specialist D.R. Barton, Jr., says the recent downturn shouldn't be a cause for concern. He believes the index could still rally another 5.8% before we see a big correction.

Here's his exact target for the Dow Jones Industrial Average...


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