Stock index Dow Jones continue to move in the correction. At the time of the publication of the forecast, the index is trading at 26748. Moving averages indicate the presence of an upward trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 26345. Where the rebound is expected from and the rise of the Dow Jones stock index is expected to rise to the area above the level of 28350.
Dow Jones Index Forecast and Analysis June 25, 2019
In favor of the growth of quotations of the stock index will test the rising trend line on the indicator of relative strength index (RSI). 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 decrease and breakdown of the area 26105. This will indicate a breakdown of the support level and the continuation of the fall of Dow Jones with a target below the level of 24905. 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 27255.
Dow Jones Index Forecast and Analysis June 25, 2019 suggests an attempt to test the support level near the 26345 area. Then, the growth will continue to the area above the level of 28350. In favor of raising the Dow Jones quotes, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the growth option will be the fall and the breakdown of the area of 26105. This will indicate a continuation of the decline with the goal below the level of 24905.