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Technical Analysis: Dow, S&P At Resistance

The Dow and S&P (first two charts below) continue to push into heavy resistance, and both remain firmly overbought. If they can continue to push higher, the 200-day moving averages at 8446 and 893 are next. Support is 8130-8150 and 8076 on the Dow, and 852-855 on the S&P. The Nasdaq (third chart) probed into the 1401-1424 gap but did not fill it. 1385 is important support, and 1360 is below that. Tomorrow is a quadruple expiration day, so more volatility could be in store.

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