Stock index Dow Jones continue to move within the framework of the correction and the formation of the «Triangle» model. At the time of publication of the forecast, the index is trading at the level of 27244. Moving averages indicate the presence of an upward trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 27145. Where is the rebound expected and the continuation of the fall of the Dow Jones stock index quotations to the area below the level of 27745.
Dow Jones Index Forecast and Analysis July 25, 2019
In favor of the growth of quotations of the stock index July 25, 2019 will test the rising trend line on the indicator of relative strength. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth rate of the index quotes will fall and the breakdown of the 26970 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 26550. Wait for the growth of quotations to accelerate Dow Jones with the breakdown of the upper limit of the «Triangle» model and closing above the level of 27425.
Dow Jones Index Forecast and Analysis July 25, 2019 suggests an attempt to test the resistance level near the area of 27145. Then the continuation of falling to the area below the level of 27745. 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 26970. This will indicate a continuation of the rise with the goal above the level of 26550.
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