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Friday, June 26, 2009

Dow Jones Analysis 6/29/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/29/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - June 29, 2009

Resistance Levels: 8500, 8600, 8700

Support Levels: 8400, 8250, 8000



The Dow Jones failed at the 10 and 200 day moving averages again Friday but still managed to close over the 50 day. Support continues to be at 8250 with resistance at 8500. If the Dow can close above 8500 and then 8600, I think it could go up and retest the 8877 high from several weeks ago. A close below 8250 and we retest 8000. I think the markets are ready to make a fairly big move in the next few weeks. For More Technical Analysis - Go Here


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