Stock index Dow Jones continue to move as part of the correction and the upward channel. At the time of the publication of the forecast, the index is trading at 27082. Moving averages indicate the presence of a bullish trend in the index, prices still test the area between the lines, which indicate distant from buyers. At the moment, we should expect an attempt to reduce quotes and test the support level near the area of 26915. Further, a rebound and continued growth of quotations of the Dow Jones stock index is expected to go above 27865.
Dow Jones Index Forecast and Analysis September 19, 2019
In favor of raising the quotes of the exchange index on September 19, 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 26565. This will indicate a breakdown of the support level and a continued fall of the Dow Jones with a target below the level of 25765. 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 19, 2019 suggests an attempt to test the support level near the area of 26915. Then, continued growth to the area above the level of 27865. 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 26565. This will indicate a continued decline with a target below the level of 25765.