Dow Jones is trading at 24681. The stock index is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dow Jones. Ichimoku Kinko Hyo Cloud is expected to test near the level 24750, 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 24000.
Dow Jones forecast & analysis on March 21, 2018
An additional signal in favor of the fall of the index is the lower bound of the «Triangle» model. Earlier, a weak signal was received for the sell of the Dow Jones, due to the crossing of signal lines at the level of 25075.
The cancellation of the variant of falling quotations of the stock index will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 25100, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the stock index Dow Jones is with the breakdown of the support area and the closure below the area of 24350.
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