Stock index Dow Jones continue to move within the growth and the bullish channel. At the time of the publication of the forecast, the index is trading at 26854. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 26655. Where is the rebound expected from and continued growth of the Dow Jones stock index in the area above the level of 27545.
Dow Jones Index Forecast and Analysis July 2, 2019
In favor of the rise of quotations of the stock index on July 2, 2019, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the growth rate of the index quotes will fall and the breakdown of the 26400 area. This will indicate a breakdown of the support level and the continuation of the fall of Dow Jones with a target below the level of 26050. Wait for the acceleration of the growth of quotations Dow Jones stands with the breakdown of the resistance area and closing above the level of 27025.
Dow Jones Index Forecast and Analysis July 2, 2019 suggests an attempt to test the support level near the area of 26655. Then, continued growth to the area above the level of 27545. In favor of raising the Dow Jones quotes, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the growth option will be a fall and a breakdown of the 26400 area. This will indicate a continuation of the decline with the goal below the level of 26050.
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