Stock index Dow Jones continue to move within the growth and the upward channel. At the time of the publication of the forecast, the index is trading at 26695. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the 26575 area. Where the rebound is expected from and the growth of the Dow Jones stock index quotes to the area above the level of 27385 is expected.
Dow Jones Index Forecast and Analysis July 12, 2019
In favor of the rise of quotations of the stock index July 12, 2019 will test the rising trend line on the indicator of relative strength. 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 a breakdown of the 26625 area. This will indicate a breakdown of the support level and the continuation of the fall of Dow Jones with a target below 25900. Wait for the growth of quotations to accelerate Dow Jones with the breakdown of the resistance area and closing above the level of 27165.
Dow Jones Index Forecast and Analysis July 12, 2019 suggests an attempt to test the support level near the 26575 area. Then, the growth will continue to the area above the level of 27085. The Dow Jones quotes will be tested by the trend line on the relative strength indicator. Cancellation of the growth option will be the fall and the breakdown of the area 27385. This will indicate a continuation of the decline with the goal below the level of 26625.
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