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 27252. Moving averages indicate an uptrend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 27470. Where the rebound is expected from and the fall in the Dow Jones stock index quotes to the area below 26490 is expected.
Dow Jones Index Forecast and Analysis July 18, 2019
In favor of the fall in quotations of the stock index July 18, 2019 will test the downward trend line on the indicator of relative strength. The second signal will be a rebound from the upper boundary of the rising channel. Cancellation of the drop in the index quotes will be a strong growth and a breakdown of the 28050 area. This will indicate a breakdown of the resistance level and continued growth of Dow Jones with a target above the level of 28550. Wait for the fall in quotes of Dow Jones to accelerate with the breakdown of the lower ascending channel and closing below the level of 26935.
Dow Jones Index Forecast and Analysis July 18, 2019 suggests an attempt to test the resistance level near the area of 27470. Then, the continuation of falling to the area below the level of 26490. In favor of lowering the Dow Jones quotes, a test of the trend line on the relative strength indicator will come out. Cancellation of the fall option will be a strong growth and the breakdown of the area of 28050. This will indicate a continuation of the rise with a target above the level of 28550.
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