The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/20/09Dow Jones Support & Resistance Levels - March 20, 2009
Resistance Levels: 7500, 7695, 8000
Support Levels: 7400, 7216, 7000, 6895, 6500
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The Dow Jones failed to break a new high today and is starting to look toppy. Keep an eye on the 7571.64 high from yesterday because if this level is broken, the Dow Jones will go higher. The 10 day moving average will most likely come into play next week and we must stay over it on a closing basis...if we close below it several days we could be looking at a retest of atleast 7000. Bottom line: Keep an eye on 7572 and watch the new major support level of 7216-7218. For More Technical Analysis - Go Here
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