Stock index Dow Jones continue to move in the correction and the upward channel. At the time of publication of the forecast, the index is trading at 26641. 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 26605. Where is the rebound expected from and continued growth of the Dow Jones stock index in the area above the level of 27955.
Dow Jones Index Forecast and Analysis June 27, 2019
In favor of the rise 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 fall and the breakdown of the 26275 area. This will indicate a breakdown of the support level and the continuation of the fall of Dow Jones with a target below 25200. Expect the acceleration of the growth of quotes Dow Jones stands with the breakdown of the resistance area and closing above the level of 26705.
Dow Jones Index Forecast and Analysis June 27, 2019 suggests an attempt to test the support level near the area of 26605. Then, continued growth to the area above the level of 27955. 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 26275. This will indicate a continuation of the decline with the goal below the level of 25200.