Stock index Dow Jones continue to move in the framework of the decline. At the time of publication of the forecast, the index is trading at 25173. At the moment, we should expect an attempt to fall and a test of the support level near the area of 24960. Where should we expect a rebound and continued growth of Dow Jones quotations to the area above the level of 26020.
Dow Jones Index Forecast and Analysis February 13, 2019
In favor of the rise of quotations of the stock index will test the rising trend line on the relative strength index (RSI). As well as 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 24590. This will indicate a breakdown of the lower boundary of the upward channel and the continued decline of Dow Jones with a target below 24250. Wait for confirmation of the growth of quotations Dow Jones stands with the breakdown of the area of resistance and closure above 25475.
Dow Jones Index Forecast and Analysis February 13, 2019 suggests an attempt to test the lower boundary of the channel near the area of 24960. Then, the growth will continue to the area below the level of 26020. A test of the support line on the relative strength index (RSI) will be in favor of raising the Dow Jones quotes. Cancellation of growth option will make the fall and the breakdown of the area 24590. This will indicate a continued decline.
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