The stock index Dow Jones is trading at the level of 21007.2. Dow Jones is trading above the upper boundary of the Ichimoku Cloud, indicating an upward trend in the Dow Jones. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 20965.0, from which one should expect an attempt to grow and develop a bullish trend on the stock exchange index with a view to growth near the level of 21170.0.
Ichimoku Kinko Hyo Forecast Dow Jones on May 10, 2017
Earlier, a weak signal was received for the sale of the Dow Jones exchange index, due to the intersection of the signal lines at the level of 20945.0. The cancellation of the variant of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 20860.0, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations of the stock index Dow Jones stands with the breakdown of the local maximum area at the level of 21100.0.
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