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 25647. Moving averages indicate a downward trend. At the moment, we should expect an attempt to increase the index quotes and test the resistance level near the area of 26105. From where it is expected to rebound and continue to fall in the quotes of the Dow Jones stock index in the region below the level of 24275.
Dow Jones Index Forecast and Analysis August 8, 2019
In favor of reducing the quotes of the stock index on August 8, 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 upper border of the bear channel. Cancellation of the option of falling quotes of the index will be a strong growth and a breakdown of the area of 26580. This will indicate a breakdown of the resistance level and continued growth of the Dow Jones with a target above the level of 27005. Expect an acceleration of the fall of the Dow Jones quotes with the breakdown of the support area and closing below 24855.
Dow Jones Index Forecast and Analysis August 8, 2019 suggests an attempt to test the resistance level near the area of 26105. Then, a continuation of the fall to the area below the level of 24275. A test of the trend line on the relative strength index (RSI) will be in favor of a decrease in Dow Jones quotes. Cancellation of the fall option will be a strong growth and the breakdown of the area of 26580. This will indicate a continuation of the rise with the target above the level of 27005.
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