RealTime IT News

Technical Analysis: Bounce Attempt

Some decent-looking candlesticks after a high-volume reversal off the lows; could be the start of a bounce. The Nasdaq (first two charts below) has support at 2040 and 2000-2010, and resistance is 2080, 2095-2100 and 2120. The S&P (charts three and four) has support at 1132 and 1121, and resistance at 1140 and 1150. The Dow (charts five and six) has support at 10,450, 10,400-10,417 and 10,350-10,368, and resistance at 10,538, 10,575-10600 and 10,625.