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 27272. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 27175. Where the rebound is expected from and the fall of the Dow Jones stock index quotes to the area below the level of 27845 is expected.
Dow Jones Index Forecast and Analysis July 24, 2019
In favor of the growth of quotations of the stock index on July 24, 2019, a test of the rising trend line on the relative strength indicator will come out. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth of quotations of the index will fall and the breakdown of the area 27010. 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 26550. Expect the acceleration of the growth of quotations Dow Jones stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 27425.
Dow Jones Index Forecast and Analysis July 24, 2019 suggests 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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