The stock index Dow Jones completes the trading week near the level of 26478. The index is traded above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of an upward trend for the Dow Jones. At the beginning of the trading week on October 1 — 5, 2018, the Ichimoku Kinko Hyo signal line area test is expected near the level of 26150, from which it is expected to attempt a rebound and further development of the upward movement for the purpose of growth near the area of 27550.
Dow Jones weekly forecast & analysis October 1 — 5, 2018
An additional signal in favor of the growth of quotations of the stock index will be a test of the support level, as well as a rebound from the lower boundary of the rising channel. Earlier, a medium strength signal was obtained for the buy of the Dow Jones exchange index, due to crossing of the signal lines at the level of 24600.
Cancellation of the variant of growth of quotations of the stock index will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 25050, which will indicate a change in the upward trend in favor of the downward trend and the continuation of the decline. Expect to accelerate the growth of quotations of the stock index Dow Jones is with the breakdown of the resistance area and closing above the level of 26850.
Dow Jones weekly forecast & analysis October 1 — 5, 2018 suggests a test of the level of the support level near the area of 26150, from which we should expect a rebound and the continued growth of quotations of the index with a potential target near the level of 27550, the cancellation of the growth of quotations will cause a fall and breakdown of the area 25050, which indicates the continued decline in the Dow Jones.
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