Stock index Dow Jones is trading at 20981.1. Dow Jones broke the Cloud of Ichimoku Kinko Hyo and began to trade above its upper limit, which indicates the presence of an bullish trend for the Stock index Dow Jones. Ichimoku Kinko Hyo Cloud Upgrade Test is expected near the level of 20945.0, from which one should expect an attempt of growth and further development of the bullish trend at the stock exchange index near the level of 21130.0.
Technical analysis & Dow Jones forecast on May 17, 2017
Earlier, a signal of medium strength was obtained for the sale of the Stock index Dow Jones, due to the crossing of the signal lines at the level of 20939.0. The cancellation of the growth of quotations of the Stock index Dow Jones will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 20860.0, which will indicate a change in the bullish trend in favor of a bearish trend. To expect the acceleration of the growth of quotations of the Stock index Dow Jones with the breakdown of the local maximum area at the level of 21090.0.
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