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Technical Analysis: Indexes Push Resistance

The indexes are making a valiant effort to break out of consolidations at the lows. Above 1126, and the S&P (first chart below) could be headed for the major resistance area of 1138-1140. Support is 1120, 1114, 1110 and 1102-1105. The Nasdaq (second chart) has strong resistance at 1985-1991, and support is 1966, 1956 and 1943. The Dow (third chart) has resistance at 10,326, 10,360 and 10,400-10,420, and support is 10,250, 10,185, 10,128 and 10,092.

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