The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/18/09Dow Jones Industrial Average Support & Resistance Levels - June 18, 2009
Resistance Levels: 8600, 8878, 9000
Support Levels: 8500, 8343, 8250
http://stockcharts.com/ - Chart
The Dow Jones closed below the 8500 support level Wednesday so the caution flags have been raised on my trading desk. We may trade around this level for a little bit but I think we will ultimately retest the 50 day moving average in the coming weeks. Also, keep an eye on the 10 day moving average....if it breaks back down below the 200 day moving average the volatility will spike in the short term. For More Technical Analysis - Go Here
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