Stock index Dow Jones continue to move in the correction and the upward channel. At the time of publication of the forecast, the index is trading at the level of 27189. Moving averages indicate an uptrend. At the moment, we should expect an attempt to grow and test the resistance level near the 27350 area. Where the rebound is expected from and the fall in the Dow Jones stock index quotes to the area below 26230 is expected.
Dow Jones Index Forecast and Analysis July 19, 2019
In favor of the fall in quotations of the stock index on July 19, 2019, a test of the downward trend line on the relative strength indicator will come out. The second signal will be a rebound from the upper boundary of the rising channel. Cancellation of the drop in the index quotations 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 28750. Wait for the fall of the quotes to accelerate with the breakdown of the lower boundary of the ascending channel and closing below the level of 26745.
Dow Jones Index Forecast and Analysis July 19, 2019 implies an attempt to test the resistance level near the 27350 area. Then, the continuation of falling to the area below the level of 26230. In favor of reducing 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 28750.
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