The stock index Dow Jones completes the trading week near the level of 24970. The index is trading above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bullish trend for the Dow Jones. At the beginning of the trading week on July 16 — 20, 2018 the upper limit of the Ichimoku Kinko Hyo Cloud near the level of 24750 is expected, from which it is expected to attempt a rebound and further development of the bullish movement with a target to growth near the area of 26150.
Dow Jones weekly forecast & analysis July 16 — 20, 2018
An additional signal in favor of the growth of quotations of the stock index will be a test of the level of support. Earlier, a weak signal was received for the sell of the Dow Jones stock index, due to crossing of the signal lines at the level of 24650.
Cancellation of the variant of 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 quotations below the area of 24150, which will indicate a change in the bullish trend in favor of the bearish trend and the continuation of the decline. Expect to accelerate the growth of quotations of the stock index Dow Jones stands with the breakdown of the upper limit of the model «Triangle» and the closure above the area of 25500.
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