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Tuesday, May 5, 2009

Dow Jones Analysis 5/6/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/6/09

Dow Jones Support & Resistance Levels - May 6, 2009

Resistance Levels: 8500, 8700

Support Levels: 8300, 8190, 8000




The Dow Jones hit another 3 month high today but is hitting up against some strong resistance at 8500. A close above 8500 would send a strong signal to me and many others. Pullbacks to the 10 day moving average will be a nice support level with a stop loss on a close below that level. Things still look really good but we might trade sideways again here. For More Technical Analysis - Go Here


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