Stock index Dow Jones continue to move within the growth and bearish channel. At the time of the publication of the forecast, the index is trading at 26145. Moving averages indicate an uptrend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 25710. Where the rebound is expected from and the rise of the Dow Jones stock index quotes to the area above the level of 27405 is expected.
Dow Jones Index Forecast and Analysis June 18, 2019
In favor of the growth of quotations of the stock index will test the bearish 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 25245. This will indicate the breakdown of the support area and the continuation of the fall of Dow Jones with a target below the level of 24605. Expect the acceleration of the growth of quotations 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 18, 2019 suggests an attempt to test the support level near the area of 25710. Then, the growth will continue to the area above the level of 27405. A test of the trend line on the relative strength index (RSI) will be in favor of raising the Dow Jones quotes. Cancellation of growth option will make the fall and the breakdown of the area 25245. This will indicate a continued decline with the goal below the level of 24625.
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