The stock index Dow Jones is trading at 20440.6. Dow Jones is trading below the lower boundary of the Iсhimoku Cloud, indicating a downward trend in the Dow Jones. It is expected to test the area of signal lines near the level of 20490.0, 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 20300.0.
Ichimoku Kinko Hyo Dow Jones forecast on April 21, 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 20700.0. The abolition of the decline option will be a breakdown of the upper boundary of the Iсhimoku Cloud with the closing of quotations above the area of 20640.0, 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 the breakdown of the local minimum area at the level of 20380.0.
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