The stock index of Dow Jones is trading at 20647.4. Quotations Dow Jones tested the moving average with a period of 55 and continued to move below its level, indicating a bearish trend for the Dow Jones. At the moment, the quotations of the exchange index are moving between the moving average of the middle border of the indicators Bollinger Bands. It is worth waiting for an attempt to grow and test the upper border of the bands near the level of 20730, where again we should expect an attempt to continue falling with the first target near the level of 20470.
Bollinger Bands Forecast Dow Jones on March 30, 2017
The conservative sale area is located near the upper boundary of the Bollinger Bands indicator bars at 20750. The abolition of the Dow Jones Breakdown of the upper border area, as well as the moving average and the closing of quotes above the area of 20840, indicating a change in the trend in favor of the bullish on the Dow Jones. In the event of a breakdown of the lower boundary of the indicator bands, it is expected to accelerate the fall of the exchange index.
