Stock index Dow Jones continue to move within the growth and the bearish channel. At the time of the publication of the forecast, the index is trading at 26073. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 25745. Where the rebound is expected from and the rise of the Dow Jones stock index quotes to the area above the level of 27350 is expected.
Dow Jones Index Forecast and Analysis June 14, 2019
In favor of the growth of quotations of the stock index will make a test of the broken trend line on the indicator of relative strength index (RSI). Cancellation of the growth rate of the index quotes will fall and the breakdown of the area of 25205. This will indicate a breakdown of the support area and the continuation of the fall of Dow Jones with a target below the level of 24625. Expect the acceleration of the growth of quotes Dow Jones stands with the breakdown of the upper boundary of the downward channel and closing above the level of 26555.
Dow Jones Index Forecast and Analysis June 14, 2019 suggests an attempt to test the support level near the area of 25745. Then, growth will continue to the area above the level of 27350. 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 25205. This will indicate a continuation of the decline with the goal below the level of 24625.
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