Stock index Dow Jones continue to move in the correction and the upward channel. At the time of the publication of the forecast, the index is trading at 26533. 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 26255. Where is the rebound expected from and continued growth of the Dow Jones stock index in the region above the level of 27845.
Dow Jones Index Forecast and Analysis June 28, 2019
In favor of the rise of quotations of the stock index on June 28, 2019, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the growth rate of the index quotes will fall and the breakdown of the area of 25805. 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 25150. Expect the acceleration of the growth of quotes Dow Jones stands with the breakdown of the resistance area and closing above the level of 27025.
Dow Jones Index Forecast and Analysis June 28, 2019 suggests an attempt to test the support level near 26255. Then continued growth to the area above the level of 27845. 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 25805. This will indicate a continuation of the decline with the goal below the level of 25150.
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