Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/15/09Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 15, 2009
Resistance Levels: 8465, 8600
Support Levels: 8400, 8250, 8200, 8087
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The Dow Jones had a great day today, closing over the 200 day moving average as earnings continue to be better then expected. I expect the Dow Jones to clear 8400 easily on July 15th and retest the 50 day moving average at 8465 based on the Intel earnings released earlier. I know I have been saying sell 8400 but wasn't expecting these incredible earnings. Instead of selling 8400, I now want to place a stop at the 50 day moving average and let things run. There will be strong resistance at 8600 but if we can close above there....you could see a mega short covering rally. As long as earnings continue to impress, the market will go higher! For More Technical Analysis - Go Here
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