The stock index Dow Jones is trading at 20941.9. Dow Jones is trading above the upper boundary of the Ichimoku Cloud, indicating an upward trend in the Dow Jones. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 20940.0, from which one should expect an attempt to grow and develop a bullish trend on the stock exchange index with a view to growth near the level of 21140.0.
Ichimoku Kinko Hyo Forecast Dow Jones on May 8, 2017
Earlier, a weak signal was received for the sale of the Dow Jones Exchange Index, due to the intersection of the signal lines at the level of 20945.0. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 20820.0, which will indicate a shift in the upward trend in favor of the downward trend. Expect the acceleration of the growth of quotations of the Dow Jones exchange rate with the breakdown of the local maximum area at the level of 21100.0.
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