Stock index Dow Jones continue to move through strong growth and a bearish channel. At the time of the publication of the forecast, the index is trading at 26193. Moving averages indicate a bearish trend. At the moment, we should expect a fall and a test of the support level near the area of 25715. Where should we expect a rebound and the continuation of the rise of the Dow Jones stock index quotes to the area above the level of 27450.
Dow Jones Index Forecast and Analysis June 12, 2019
In favor of the growth of quotations of the stock index will test the downward trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the growth of quotations of the index will fall and the breakdown of the area 25195. This will indicate a breakdown of the support area and the continuation of the fall of Dow Jones with a goal below 24625. Expect the acceleration of growth of quotations Dow Jones stands with the breakdown of the area of resistance and closing above the level of 26515.
Dow Jones Index Forecast and Analysis June 12, 2019 suggests an attempt to test the support level near the area of 25715. Then, the growth will continue to the area above the level of 27450. A test of the trend line on the relative strength index (RSI) 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 of 25195. This will indicate a continuation of the decline with the goal below the level of 24625.
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