Stock index Dow Jones continue to move in the correction and the upward channel. At the time of the publication of the forecast, the index is trading at 26694. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 26505. Where is the rebound expected from and continued growth of the Dow Jones stock index in the region above the level of 27085.
Dow Jones Index Forecast and Analysis July 10, 2019
In favor of the rise of quotations of the stock index on July 10, 2019, a test of the rising trend line on the relative strength indicator will be made. 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 26255. This will indicate a breakdown of the support level and the continuation of the fall of Dow Jones with a target below 25850. Expect the acceleration of the growth of quotations Dow Jones stands with the breakdown of the resistance area and closing above the level 27165.
Dow Jones Index Forecast and Analysis July 10, 2019 implies an attempt to test the support level near 26505. Then, continued growth to the area above 27085. In favor of raising the Dow Jones quotes, a test of the trend line on the relative strength indicator will come out. Cancellation of the growth option will be the fall and the breakdown of the area 26255. This will indicate a continuation of the decline with the goal below the level of 25850.
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