The stock index Dow Jones is trading at 20975.1. Dow Jones continues to trade 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 the purpose of growth near the level of 21140.0.
Technical analysis Dow Jones & forecast on May 11, 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. 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 quotes below the area of 20850.0, which will indicate a change in the upward trend in favor of the 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 21080.0.
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