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 level 27329. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 27010. Where is the rebound expected from and continued growth of the Dow Jones stock index in the area above the level of 27685.
Dow Jones Index Forecast and Analysis July 17, 2019
In favor of the rise of quotations of the stock index July 17, 2019 will test the rising trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the support level. Cancellation of the growth rate of the index quotes will fall and the breakdown of the 26585 area. This will indicate a breakdown of the support level and the continuation of the fall of Dow Jones with a target below 26050. Expect the acceleration of the growth of quotations Dow Jones stands with the breakdown of the resistance area and closing above the level of 27555.
Dow Jones Index Forecast and Analysis July 17, 2019 suggests an attempt to test the support level near the area of 27010. Then, the growth will continue to the area above the level of 27685. 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 of 26585. This will indicate a continuation of the decline with the goal below the level of 26050.
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