The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/22/09Dow Jones Industrial Average Support & Resistance Levels - June 22, 2009
Resistance Levels: 8600, 8878, 9000
Support Levels: 8500, 8373, 8250
http://stockcharts.com/ - Chart
The Dow Jones fell on Friday but continues to hold the 8500 area on closing basis....this is key. When we start closing multiple days under this level I will be very concerned. Also, the 10 day moving average has been major resistance lately, keep an eye on it for the next trend. A close under the 50 day moving average would also be a sign of a break down. Right now, I am neutral on the stock market.
For More Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index - Stock Forum
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
