Stock index Dow Jones is trading at 20977.6. Dow Jones is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend. Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 20940.0, from which one should expect an attempt of growth and further development of the bullish trend at the stock index with the target near the level 21150.0.
Technical analysis and forecast Dow Jones on May 18, 2017
Earlier, a signal of medium strength was obtained for the sale 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 quotations below the area of 20850.0, which will indicate a change in the upward trend in favor of the bearish trend. Expect the acceleration of the growth of quotations of the stock index Dow Jones will be the breakdown of the local maximum area at the level of 21070.0.
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