Stock index Dow Jones continue to move in the correction and the upward channel. At the time of the publication of the forecast, the index is trading at 26823. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 26605. Where is the rebound expected from and continued growth of the Dow Jones stock index in the area above the level of 27485.
Dow Jones Index Forecast and Analysis July 9, 2019
In favor of the rise of quotations of the stock index July 9, 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 area 26255. This will indicate a breakdown of the support level and the continuation of the fall of Dow Jones with a target below 26000. Expect the acceleration of the growth of quotations Dow Jones stands with the breakdown of the area of resistance and closure above 27065.
Dow Jones Index Forecast and Analysis July 9, 2019 implies an attempt to test the support level near the area of 26605. Then, continued growth to the area above the level of 27485. A test of the trend line on the relative strength indicator will be in favor of raising the Dow Jones quotes. Cancellation of the growth option will be the fall and the breakdown of the area 26255. This will indicate a continuation of the decline with the goal below the level of 26000.
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