Stock index Dow Jones continue to move as part of the decline. At the time of the publication of the forecast, the index is trading at 26163. Moving averages indicate the presence of a bullish trend. At the moment, we should expect an attempt to raise the index quotes and test the resistance level near the area of 26560. From where the rebound is expected and the quotes of the Dow Jones exchange index to continue to fall below 25285.
Dow Jones Index Forecast and Analysis August 6, 2019
In favor of reducing the quotes of the exchange index on August 6, 2019, a test of the downward trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the option of falling index quotes will be a strong growth and a breakdown of the area of 26650. This will indicate a breakdown of the resistance level and continued growth of the Dow Jones with a target above the level of 27205. Expect an acceleration of the fall of the Dow Jones quotes with the breakdown of the support area and closing below 26005.
Dow Jones Index Forecast and Analysis August 6, 2019 suggests an attempt to test the resistance level near the area of 26560. Then, the continuation of the fall to the area below the level of 25285. A test of the trend line on the relative strength index (RSI) will be in favor of lowering Dow Jones quotes. Cancellation of the fall option will be a strong growth and a breakdown of the area of 26650. This will indicate a continuation of the rise with the target above the level of 27205.
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