Stock index Dow Jones is trading at 23385. 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 23060, from which it is expected to attempt a rebound and further development of the bullish trend for the purpose of growth near the area of 24050.
Dow Jones forecast & analysis on November 16, 2017
Earlier, a weak signal was obtained for the sell of the stock index Dow Jones, due to the crossing of signal lines at 23950 level. An additional signal in favor of the growth of the index will be the test of the lower boundary of the ascending channel. The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 22950, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the stock index Dow Jones stands with the breakdown of the area 24005.
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