The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/21/09Dow Jones Support & Resistance Levels - April 21, 2009
Resistance Levels: 8000, 8190
Support Levels: 7750, 7550
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The Dow Jones closed below the 10 day moving average and also closed at the lows. The next level of support I am looking at is 7750 which held several times in March and April. If this 7750 level does not hold on a closing basis, I feel the 50 day moving average will be retest at 7536. On the upside, 8000 is now resistance and I would be a seller at this level going forward.
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