Stock index Dow Jones continue to move within the growth and the upward channel. At the time of publication of the forecast, the index is trading at 26472. At the moment, an attempt is expected to decrease and test the support level near the area of 26365. Where should we expect a rebound and continued growth of the Dow Jones stock index in the region above the level of 26710.
Dow Jones Index Forecast and Analysis April 17, 2019
In favor of the growth of quotations of the stock index will test the rising trend line on the indicator (RSI). The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth of quotations of the index will fall and the breakdown of the area 26220. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of Dow Jones with a target below 26010. Wait for confirmation of the growth of quotations Dow Jones stands with the breakdown of the area of resistance and closing above 26880.
Dow Jones Index Forecast and Analysis April 17, 2019 suggests an attempt to test the lower boundary of the channel near the 26365 area. Then, the growth will continue to the area above the level of 26710. A test of the trend line on the relative strength index (RSI) will be in favor of raising the Dow Jones quotes. Cancellation of the growth option will be the fall and the breakdown of the area 26220. This will indicate a continuation of the fall with the goal below the level of 26010.
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