The Dow Jones index is trading at 24755. Dow Jones is trading within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend on the Dow Jones. Ichimoku Kinko Hyo Cloud upper test is expected near the level of 24950, from which it is expected to attempt a rebound and further development of a bearish trend with a target to falling near the area of 24050.
Dow Jones forecast & analysis on March 16, 2018
An additional signal in favor of the fall of the index is the test of the upper boundary of the bearish channel. Earlier, a weak signal was received for the sell of the Dow Jones index, due to the crossing of signal lines at the level of 25075.
Cancellation of the variant of falling quotations of the stock index will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 25250, which will indicate a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the stock index Dow Jones stands with the breakdown of the lower boundary of the indicator Cloud and the closings below the area of 24550.
