Dow Jones Analysis 4/7/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/7/09

Dow Jones Support & Resistance Levels - April 7, 2009

Resistance Levels: 8000, 8075, 8300, 8500

Support Levels: 7797, 7558, 7480

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The Dow Jones continues to bounce around the 8000 resistance level. We now have three straight days where the Dow Jones made a lower low. We are either going to break down and test the 50 day moving average or rip through 8075 and test 8300-8450. I continue to watch the 10 day moving average to tip me off as to where we go next. A close below the 10 day moving average, in my opinion, would take us back to retest 7556ish. For More Technical Analysis - Go Here

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