Financial market forecast today Stock Exchange Dow Jones Index trend By Francesco Massetti Posted on 2 April 2020 Condividi su Facebook Condividi su Twitter Condiviso su Google+ Condiviso su Pinterest Condiviso su Linkedin Condiviso su Tumblr dow jones forecastDow Jones Index quarterly 03.05.2020Financial market forecast today Stock Exchange Dow Jones Index trendFinancial market forecast today has been developed through the temporal cycles of the American economist W.D. Gann.Dow Jones Index 03.05.2020Financial market forecast Dow Jones Index medium term During the Bull-campaign who is lasted over ten years, Dow Jones Index has alternated different progressive phases in which has varied over and over the positive acceleration.Since the first months of 2016 the drift of the American Index is became three times the initial amount. That difference can be noted in the slide, in which the red half-lines represents 1X1 angles since 2009 and the blue and yellow ones are those after 2016.Since the second semester of 2018, the American market has done an over-balance in which is followed an important correction to a previous lateral phase who is lasted from January to September 2018. This correction has brought exchanges on 1X1 angular support in area 21.700.Starting from that minimum, Dow Jones Index has gradually put in an important propulsive strength: despite some negative retracements occurred in April 2019 for example, prices exchanges are remained above 1X1 angle.Temporal signals are expired in November-December 2019, in that period the American market has confirmed to continue the ascending activity.The first monthly Set Up in expiration in the new year has been in February 2020: Range Square.During that temporal cycle we have seen an important correction who has pushed quotations on 1X2 angular support, yellow colored on the slide, creating a bearish out-side. Next supports are in area 23.500; 22.000.So the monthly trend is became again negative and only a return above the top of February will indicate a new upward recovery in the medium term.Dow Jones Index forecasts long termDow Jones index quarterly 03.05.2020In the second over-balance of the third quarter of 2018 quotations have touched the basis of the ascending corridor to make then a wide recovery.In the last quarter of 2019 the American Index touches again absolute maximums and in the first quarter of 2020 prices makes a downward out-side, after a further maximum. This fact signs the return of exchanges on the basis of the ascending corridor.Therefore also in the medium-long term the trend is returned to negativity, but only the bearish break of the ascending corridor created by 1X1 angles, red colored on the photo, could bring prices in area 21.700.