Stock index Dow Jones continue to move in the framework of growth and the formation of the «Triangle» model. At the time of the publication of the forecast, the index is trading at 26975. 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 26845. Where the rebound is expected from and the growth of the Dow Jones stock index in the region above the level of 27585 is expected.
Dow Jones Index Forecast and Analysis July 5, 2019
In favor of the rise of quotations of the stock index on July 5, 2019, a test of the rising trend line on the relative strength indicator will be made. The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the growth rate of the index quotes will fall and a breakdown of the 26535 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 quotes Dow Jones stands with the breakdown of the resistance area and closing above the level of 27065.
Dow Jones Index Forecast and Analysis July 5, 2019 implies an attempt to test the support level near the 26975 area. Then, the growth will continue to the area above the 26845 level. The Dow Jones quotes will be tested by the trend line on the relative strength indicator. Cancellation of the growth option will be the fall and the breakdown of the area of 26535. This will indicate a continuation of the decline with the goal below the level of 26050.
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