Stock index Dow Jones is trading at 20636.0. Dow Jones broke the Cloud of Ichimoku Kinko Hyo and began to trade below its lower limit, which indicates the presence of a bearish trend for the Dow Jones. Ichimoku Kinko Hyo Cloud near the level of 20780.0 is expected to test the lower boundary of the cloud, from which one should expect an attempt to fall and further develop the bearish tendency at the Stock index Dow Jones near the level 20380.0.
Technical analysis & forecast Dow Jones on May 19, 2017
Earlier, a signal of medium strength was obtained for the sale of the Dow Jones, due to the crossing of the signal lines at the level 20898.0. Cancellation of the falling quotations of the Stock index Dow Jones will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 20850.0, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in the quotations of the Stock index Dow Jones, with the breakdown of the local minimum area at 20460.0.
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