Technical Analysis: The Nasdaq Hangs On
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The Nasdaq (first chart below) is so far holding 1640 support, and it remains oversold, but it remains to be seen whether the index can bounce. 1674 and 1685 are resistance, and 1625 and 1600 are the next supports below 1640. On the S&P (second chart), 985-988 and 1000 are resistance, and 960-962 is major support. The Dow (third chart) has support at 9130-9160 and 9000, and 9250 is major resistance.