Dow Jones is trading at 24111. The stock index is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dow Jones. Ichimoku Kinko Hyo Cloud is expected to test near the level of 24200, from which it is expected to attempt a rebound and further development of a bearish trend with a target to falling near the area of 23200.
Dow Jones forecast & analysis for April 2, 2018
An additional signal in favor of the fall of the index is the upper bound of the «Triangle» model. Earlier, a weak signal was obtained for the buy of the Dow Jones, due to the crossing of signal lines at the level of 24015.
Cancellation of the variant of falling quotations of the stock index will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 24450, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the stock index Dow Jones is with the breakdown of the lower boundary of the model «Triangle» and the closure below the area of 23550.