Stock index Dow Jones continue to move within the fall and were able to leave the rising channel. At the time of the publication of the forecast, the index is trading at 25,756. Moving averages indicate a downward trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 25875. Where can we expect a rebound and the continuation of the fall of the Dow Jones stock index quotes to the area below the level of 24265.
Dow Jones Index Forecast and Analysis May 17, 2019
In favor of falling stock index quotes, a test of the downward trend line on the indicator will appear. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the option of falling index quotations will be a strong growth and a breakdown of the area 26135. This will indicate a breakdown of the lower boundary of the channel and continued growth of Dow Jones with a target above the level of 26810. Wait for confirmation of the fall of the quotes Dow Jones stands with the breakdown of the support area and closing below the level of 25115.
Dow Jones Index Forecast and Analysis May 17, 2019 implies an attempt to test the lower boundary of the channel near the area of 25875. Then the continuation of falling to the area below the level of 24265. A test of the trend line on the relative strength index (RSI) will come out in favor of a fall in Dow Jones quotes. Cancellation of the reduction option will be a strong growth and the breakdown of the area of 26135. This will indicate a continuation of the rise with a target above the level of 26810.
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