The stock index Dow Jones completed the trading week at 20477.4. Dow Jones is trading inside the Ichimoku Cloud, indicating a side trend on the Dow Jones. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 20730.0, from which one should expect an attempt to drop and develop a bearish trend on the Dow Jones Exchange Index with the aim of reducing to the level of 19980.0.
Ichimoku Kinko Hyo Dow Jones Forecast on April 17 — 21, 2017
Earlier, we received a weak signal for the sales of the Stock Index Dow Jones, due to the crossing of the signal lines at the level of 20710.0, to consider the sale costs with the breakdown of the lower boundary of the Ichimoku Cloud. Cancellation of the reduction option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 20950.0, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in the quotations of the Dow Jones Exchange Index, with a breakdown of the local minimum area at 20220.0.
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