Stock index Dow Jones continue to move in the correction and the upward channel. At the time of publication of the forecast, the index is trading at the level of 27188. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 26705. Where is the rebound expected and the continuation of the fall of the Dow Jones stock index quotations to the area below 27735.
Dow Jones Index Forecast and Analysis August 1, 2019
In favor of the growth of quotations of the stock index on August 1, 2019, a test of the rising trend line on the relative strength indicator will come out. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth rate of the index quotes will fall and the breakdown of the area 26135. This will indicate a breakdown of the support level and the continuation of the fall of Dow Jones with a goal below the level of 25625. Wait for the acceleration of the growth of quotations Dow Jones stands with the breakdown of the area of resistance and closing above the level of 27525.
Dow Jones Index Forecast and Analysis August 1, 2019 suggests an attempt to test the resistance level near the area of 26705. Then the continuation of falling to the area below the level of 27735. In favor of the decline in Dow Jones quotes, a test of the trend line on the relative strength indicator will come out. Cancellation of the fall option will be a strong growth and the breakdown of the area 26135. This will indicate a continuation of the rise with the goal above the level of 25625.
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