The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/21/09Dow Jones Industrial Average Support & Resistance Levels - May 21, 2009
Resistance Levels: 8588, 8742
Support Levels: 8250, 8000, 7750
http://stockcharts.com/ - Chart
The Dow Jones made a higher monthly high today but then sold off back to the 10 day moving average. I am not concerned until we break support of 8250. This is an important level to watch going forward. The upside is now limited to the 200 day moving average where there will be enormous resistance. We could trade sideways for the next month so stay tuned and watch 8250 and the 200 day moving average ( 8877 )
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