Stock index Dow Jones continue to move within the framework of the bullish channel. At the time of publication of the forecast, the index is trading at 26041. At this point, we should expect an attempt to test the lower border of the channel near the area of 25930. Where can we expect a rebound and the continued growth of quotations Dow Jones in the area above the level of 26490.
Dow Jones forecast & technical analysis August 31, 2018
In favor of the growth of quotations of the stock exchange index, a bullish trend test on the index (RSI) will perform, as well as a support level test on the price chart. Cancellation of the variant of growth of quotations of the index will be a drop and breakdown of the area of 25840, which will indicate the breakdown of the lower border of the channel and the continued decline of the Dow Jones with a target below 25500.
Dow Jones forecast & technical analysis August 31, 2018 suggests an attempt to test the lower border of the channel near the area of 25930 and continue growth in the area above the level of 26490, in favor of the growth of quotations Dow Jones will test the support line on the indicator of relative strength index (RSI).
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