The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/16/09Dow Jones Industrial Average Support & Resistance Levels - June 16, 2009
Resistance Levels: 8878, 9000
Support Levels: 8600, 8500, 8250
http://stockcharts.com/ - Chart
The Dow Jones was down over 2% Monday on normal profit taking and a retest of several key support levels. The Dow closed below the 200 day moving average but managed to close over 8600. While today's sell off raises some red flags, I will not get worried until we close below 8500 which was a major resistance level and now acts as major support. Keep an eye on a speech on Wednesday from President Obama. For More Technical Analysis - Go Here
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