Stock index Dow Jones continue to move in the framework of the decline. At the time of publication of the forecast, the index is trading at 25546. At the moment, we should expect an attempt to fall and a test of the support level near the area of 25405. Where should we expect a rebound and continued growth of Dow Jones quotations to the area above the level of 26320.
Dow Jones Index Forecast and Analysis March 14, 2019
In favor of the rise of quotations of the stock index will test the rising trend line on the relative strength index (RSI). As well as a rebound from the lower boundary of the rising channel. Cancellation of the growth of quotations of the index will fall and a breakdown of 25150. This will indicate a breakdown of the lower boundary of the upward channel and a further decline of Dow Jones with a target below 24650. Wait for confirmation of the growth of quotes Dow Jones stands with the breakdown of the resistance area and closing above 25785.
Dow Jones Index Forecast and Analysis March 14, 2019 implies an attempt to test the lower boundary of the channel near the area of 25405. Then, the growth will continue to the area below the level of 26320. A test of the support 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 of 25150. This will indicate a continued decline.
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