RealTime IT News

Technical Analysis: Not Much Of A Bounce

Not much of a bounce today, with the Dow and S&P turning back at resistance (see first two charts below) and the Nasdaq (third chart) not even coming close. Resistance is 8100, 8185 and 8250-8300 on the Dow, and 862 and 875-880 on the S&P. Support is 8000, 7931 and 7838 on the Dow, and 846, 841-842 and 830 on the S&P. The Nasdaq (third chart) has support at 1335, 1330 and 1320, and resistance is 1358-1365.

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