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Stock Market Closing Report - 12/8/20 December 8, 2020

Thursday, December 18, 2008

Dow Jones Analysis 12/19/08 - Stock Market


The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/19/08

Dow Jones Support & Resistance Levels - December 19, 2008

Resistance Levels: 8700, 8935, 9000

Support Levels: 8500, 8300, 8150, 8000

http://stockcharts.com - Chart


The Dow Jones is starting to look toppy here as it failed to break through 9000 again today. As you know, I love the Dow over 8500 and this has been a major support level on a closing basis for the last two weeks. If the Dow Jones closes below 8500 I will be concerned.
Resistance is now at the lower 8700 area where both the 10 day and 50 day moving averages are located. I have a feeling given today's sell off, traders will be selling at the 8700 level. Closing above 8725 would bring you resistance at 8935-9000 again.
Support - 8500 and 8300 must both hold or the Dow will start to roll back over and retest the solid 8150 support level.


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