Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/14/09 Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 14, 2009
Resistance Levels: 8400, 8600
Support Levels: 8250, 8200, 8087, 8000
http://stockcharts.com/ - Chart
The Dow Jones had a huge reversal today as an analyst upgraded Goldman Sachs ahead of earnings tomorrow. The Dow Jones reclaimed the 8250 level and is now pushing toward the next resistance level of around 8400. The head and shoulders formation was broken last week so I expect the Dow to either fail 8400 or 8600 which would be the shoulders. If 8600 is closed above, there would be a massive short covering rally and i'd expect the 8878 high to be tested and most likely broken. So in short, I am watching 8400, then 8600 on the upside. Also watch the 50 day moving average. For More Technical Analysis - Go Here
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