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Tuesday, June 23, 2009

Dow Jones Analysis 6/24/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/24/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - June 24, 2009

Resistance Levels: 8383, 8533, 8700

Support Levels: 8250, 8000



The Dow Jones Industrial Average closed below the 50 day moving average for the second straight day but managed to hold the 8250 support level. If the Dow closes below 8250 I feel it will retest 8000 or below. If things get much worse from here, the 10 day moving average could break down below the 50 day moving average which would cause a Dow sell signal. 8600 now becomes strong resistance. For More Technical Analysis - Go Here


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