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Monday, June 29, 2009

Dow Jones Analysis 6/30/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/30/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - June 30, 2009

Resistance Levels: 8630, 8700

Support Levels: 8500, 8400, 8250



The Dow Jones closed back over all three major moving averages and 8500 today which is very bullish. Although the volume was VERY light, you cannot ignore the strength of the market. Support is now moved up from 8250 to 8400. The next level I am watching is 8630 which was the last resistance level several weeks ago above 8500. If we can close above 8630, I think we could retest the 8878 high. For More Technical Analysis - Go Here

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