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 26048. At this point, we should expect an attempt to test the lower border of the channel near the area of 25950. Where can we expect a rebound and the continued growth of quotations Dow Jones in the area above the level of 26450.
Dow Jones forecast & technical analysis September 4, 2018
In favor of the growth of quotations of the stock exchange index, an upward 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 the fall and breakdown of the area of 25800, which will indicate the breakdown of the lower border of the channel and the continuation of the decline of the Dow Jones with a target below 25550. To expect confirmation of the growth of Dow Jones quotations is with the breakdown of the resistance area and the closing above the area of 26200.
Dow Jones forecast & technical analysis September 4, 2018 suggests an attempt to test the lower border of the channel near the area of 25950 and continue growth to an area above the level of 26450, in favor of the growth of Dow Jones quotations test the support line on the indicator of relative strength index (RSI).
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