Stock index Dow Jones continue to move in the framework of growth and the rising channel. At the time of the publication of the forecast, the index is trading at 26860. Moving averages indicate the presence of a bullish trend in the index. At the moment, we should expect an attempt to correct the quotes and test the support level near the area of 26375. Further, a rebound and continued growth of quotations of the Dow Jones stock index is expected to go above 28765.
Dow Jones Index Forecast and Analysis September 10, 2019
In favor of the growth of quotations of the stock index on September 10, 2019, a test of the rising support line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the growth option for the index quotes will be a fall and a breakdown of the area of 26235. This will indicate a breakdown of the support level and a continued decline in the Dow Jones with a target below the level of 25225. Expect acceleration of the growth of Dow Jones quotes with a breakdown of the upper boundary of the rising channel and closing above level 27155.
Dow Jones Index Forecast and Analysis September 10, 2019 suggests an attempt to test the support level near the area of 26375. Then, a continuation of the fall to the area below the level of 28765. A test of the trend line on the relative strength index (RSI) will speak in favor of the growth of Dow Jones quotes. Cancellation of the rise option will be a fall and a breakdown of the area of 26235. This will indicate a continued decline with a target below the level of 25225.