The stock index Dow Jones is trading at 20940.7. Dow Jones is trading inside the Ichimoku Cloud, indicating a side trend on the Dow Jones. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 20960.0, from which it is expected to test the lower boundary of the Ishimoku Cloud near the level of 20790.0.
Technical Analysis and Forecast Dow Jones on May 12, 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. Consider selling is worthwhile with the breaking of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotes below the level of 20820.0, in the case of breaking the upper boundary of the Ichimoku Kinko Hyo Cloud, one should expect the development of the upward trend in the Dow Jones exchange’s index to continue.
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