Stock index Dow Jones continue to move within the framework of the correction and the formation of the Triangle model. At the time of the publication of the forecast, the index is trading at the level of 27094. Moving averages indicate the presence of an upward trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 27150. Where the rebound is expected from and the fall in the Dow Jones stock index quotes to the area below 26600 is expected.
Dow Jones Index Forecast and Analysis July 23, 2019
In favor of the fall of stock exchange index quotes on July 23, 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 quotes will be a strong growth and a breakdown of the 27450 area. This will indicate a breakdown of the resistance level and continued growth of Dow Jones with a target above the level of 27750. Wait for the fall of the quotes to accelerate with the breakdown of the lower channel of the ascending channel and closing below the level of 26745.
Dow Jones Index Forecast and Analysis July 23, 2019 implies an attempt to test the resistance level near the area of 27150. Then, the continuation of falling to the area below the level of 26600 will be. Cancellation of the fall option will be a strong growth and the breakdown of the area 27450. This will indicate a continuation of the rise with the goal above the level of 27750.
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