The Dow Jones stock index is trading at 26439. The index continues to move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend on Dow Jones. The framework runs the exchange index. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 26305. Where should we expect an attempt of a rebound and further development of the upward movement in order to grow near the 26850 area.
Dow Jones Forecast and Analysis April 18, 2019
An additional signal in favor of the growth of quotations of the stock index will be the test of the lower limit of the upward channel. As well as a support level test. Earlier, a medium strength signal was received for BUY the Dow Jones stock index. The signal was obtained by crossing the signal lines at 26250.
Cancellation of the growth of quotations of the stock index will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 26100. This will indicate a change in the upward trend in favor of a downward trend and a further decline. Expect to accelerate the growth of quotations of the Dow Jones stock index stands with the breakdown of the resistance area and closing above the 26700 area.
Dow Jones Forecast and Analysis April 18, 2019 implies an attempt to test the support level near the 26305. Where should we expect further rise of the Dow Jones quotes with a potential target near the level of 26850. The fall in the index and the breakdown of the 26100 will be the option to lift the index. It is expected to continue the decline in quotations.