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Monday, May 18, 2009

Dow Jones Analysis 5/19/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/19/09

Dow Jones Industrial Average Support & Resistance Levels - May 19, 2009

Resistance Levels: 8410, 8500, 8588, 8742

Support Levels: 8000, 7750



The Dow Jones jumped back over 8500 and more importantly the 10 day moving average on Monday. Keep an eye on 8587.55 which was the high two weeks ago. If the Dow closes above this price we could be headed back to retest the 200 day moving average which would provide the ultimate resistance. 8250 now becomes solid support!

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