Stock index Dow Jones continue to move in the framework of strong growth and an upward channel. At the time of the publication of the forecast, the index is trading at 28847. Moving averages indicate the presence of a bullish trend in the index. At the moment, we should expect an attempt to reduce quotations and test the support level near the area of 28165. Further, a rebound and continued growth of quotations of the Dow Jones stock index is expected to go above 29765.
Dow Jones Index Forecast and Analysis January 10, 2020
In favor of raising the quotes of the stock index on January 10, 2020, an uptrend test of support on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the bullish channel. Cancellation of the growth option for the index quotes will be a fall and a breakdown of the area of 27655. This will indicate a breakdown of the support level and a continued fall of the Dow Jones with a target below the level of 26855. Expect acceleration of the growth of quotes Dow Jones is with the breakdown of the resistance area and closing above the level of 29025.
Dow Jones Index Forecast and Analysis January 10, 2020 suggests an attempt to test the support level near the area of 28165. Then, continued growth to the area above the level of 29765. A test of the trend line on the relative strength index (RSI) will be in favor of raising Dow Jones quotes. Cancellation of the growth option will be a fall and a breakdown of the area of 27655. This will indicate a continued decline with a target below the level of 26855.
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