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 27139. Quotes continue to grow, and we can talk about the abolition of the formation of the reversal model. Moving averages indicate a bullish trend in the index. At the moment, we should expect an attempt to reduce quotes and test the support level near the area of 26745. Next, a rebound and continued growth of quotations of the Dow Jones stock index is expected to go above 28725.
Dow Jones Index Forecast and Analysis September 13, 2019
In favor of raising the quotes of the exchange index on September 13, 2019, a test of the rising support line on the relative strength index (RSI) will be made. 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 26455. This will indicate a breakdown of the support level and a continued fall of the Dow Jones with a target below the level of 25255. Expect acceleration of the growth of quotes Dow Jones is with the breakdown of the resistance area and closing above 28005.
Dow Jones Index Forecast and Analysis September 13, 2019 suggests an attempt to test the support level near the area of 26745. Then, continued growth to the area above the level of 28725. A test of the trend line on the relative strength index (RSI) will be in favor of raising the Dow Jones quotes. Cancellation of the growth option will be a fall and a breakdown of the area of 26455. This will indicate a continued decline with a target below the level of 25255.
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