Stock index Dow Jones is trading at 23518. Dow Jones is trading above the Ichimoku Kinko Hyo Cloud’s upper boundary, which indicates a bullish trend in the Dow Jones. Ichimoku Kinko Hyo signal line area test is near the level of 23360, from which it is expected to attempt a rebound and further development of the bullish trend for the target of growth near the area 24050. Earlier, a medium strength signal was obtained for the buy of the Dow Jones index, due to crossing of the signal lines at level 21860.
Dow Jones forecast & analysis on November 9, 2017
An additional signal in favor of the growth of the index will be a test of the lower boundary of the bullish channel. Cancellation of the variant of growth of quotations of the stock index will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 22850, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the stock index Dow Jones stands with the breakdown of the area 24005.
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