Dow Jones is trading at 24401. The Dow Jones is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Dow Jones. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 24000, from which one should expect a rebound attempt and further development of the bullish trend with a target to growth near the area of 25030.
Dow Jones forecast & analysis April 6, 2018
An additional signal in favor of the growth of the index will test the level of support. Earlier, a weak signal was obtained for the buy of the Dow Jones, due to crossing of the signal lines at the level of 23850.
The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 23650, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of the stock index Dow Jones stands with the breakdown of the upper boundary of the bearish channel and the closure above the area of 24650.