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Best Opportunities, Vision and Technical Analysis for The DOW JONES 16 April 2019

2019-04-16 09:09 am | Resource: Technical Analysis | No Views : 644

We offer you the analysis of the Dow Jones Industrial Average30 on Tuesday , April 16, 2019, with the most important forecast for the Dow Jones US market.
Time frame Used - four hours
The Dow Jones industrial average is moving in a sideway direction in the near term.
DOW JONES CHART
The Dow Jones broke the resistance level 26245 to hit the level of 26417 nearly from level of  as it faces selling pressure around this level.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of the indicator to the overbought area.
Accordingly, we expect that the Dow jones will test 26494 level and then return to test levels of  26245 - 26112 again.
The alternative scenario is that the Dow Jones is breaching 26494 level to target 26700 level.
Resistance: 26494-26700 - 26800
Support: 26245-26112-26000
Direction: sideway
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