Stock index Dow Jones continue to move in the framework of strong growth. At the time of the publication of the forecast, the index is trading at 26465. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 26195. Where is the rebound expected from and the rise of the Dow Jones stock index in the region above the level of 28255.
Dow Jones Index Forecast and Analysis June 19, 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 bearish channel. Cancellation of the growth of quotations of the index will fall and the breakdown of the area 25715. This will indicate a breakdown of the support area and the continuation of the fall of Dow Jones with a target below 24555. Expect the acceleration of the growth of quotations Dow Jones stands with the breakdown of the upper boundary of the downward channel and closure above the level of 26655.
Dow Jones Index Forecast and Analysis June 19, 2019 suggests an attempt to test the support level near the area of 26195. Then, continued growth to the area above the level of 28255. 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 25715. This will indicate a continuation of the decline with the goal below the level of 24555.
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