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Wednesday, July 1, 2009

Dow Jones Analysis 7/2/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/2/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 2, 2009

Resistance Levels: 8630, 8700

Support Levels: 8400, 8250



The Dow Jones continues to see low volume and sideways trading. The retest of 8600 which represents and right shoulder on a head and shoulders pattern failed today. I am now watching 8400 as suport and 8600 as resistance. I strongly believe that we will soon break out of this 2 months trading range one way or the other. I will look for either a close above 8600 or below 8400 to give me direction. For More Technical Analysis - Go Here

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