Stock index Dow Jones continue to move through strong growth and a bearish channel. At the time of publication of the forecast, the index is trading at 26129. Moving averages indicate a bearish trend. At the moment, we should expect a fall and a test of the support level near the area of 25700. Where can we expect a rebound and the continuation of the rise of the Dow Jones stock index quotes to the area above the level of 26865.
Dow Jones Index Forecast and Analysis June 11, 2019
In favor of the growth of quotations of the stock index will test the downward trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the upper boundary of the bearish channel. Cancellation of the growth of quotations of the index will fall and the breakdown of the area 25155. This will indicate a breakdown of the support area and the continuation of the fall of Dow Jones with a goal below 24630. Expect the acceleration of growth of quotations Dow Jones stands with the breakdown of the area of resistance and closure above the level of 26405.
Dow Jones Index Forecast and Analysis June 11, 2019 implies an attempt to test the support level near the 25700 area. Then, the growth will continue to the area above the 26865 level. The Dow Jones quotes rise will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area 25155. This will indicate a continuation of the decline with the target below the level of 24630.
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