Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/16/09Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 16, 2009
Resistance Levels: 8878, 9000
Support Levels: 8600, 8469, 8331, 8250
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The Dow Jones ripped higher today on better then expected earnings out of Intel ( INTC ). The Dow closed above 8600 which is a higher close then both of the shoulders on the head and shoulders pattern. Earnings have been outstanding and is the prime reason for this rally. If they can continue, we could see the Dow trade all the way up to 9000. If we get some bad ones, the Dow can easily trade back to that 8250 line. Given the move we are seeing this week, we now have a nice floor of around 8100 that should be solid and hold going forward. For More Technical Analysis - Go Here
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