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Monday, July 6, 2009

Dow Jones Analysis 7/7/09 Stock Market Analysis

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

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 7, 2009

Resistance Levels: 8600, 8700

Support Levels: 8250, 8200




The Dow Jones tested 8200 and bounced off this level on Monday to close in the green. The Dow also closed above the key closing support level of 8250 as you can see by the line above. Look for rallies back to 8500 to be sold as we head into earnings season starting tomorrow with key Dow component Alcoa ( AA ). A head and shoulders pattern has formed so a break below 8200 would be very bearish. The next support i'd be looking toward is 8000. For More Technical Analysis - Go Here


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