Technical Analysis: Another Stab At Resistance
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The Dow and S&P (first two charts below) continue to try to break out of week-long consolidations here. Above 1126, and the S&P could be headed for the major resistance area of 1138-1143. Support is 1120, 1110-1113 and 1102-1105. The Dow (third chart) has resistance at 10,330-10,375 and 10,425, and support is 10,250, 10,214, 10,185, 10,128 and 10,092. The Nasdaq (third chart) is making a less valiant effort at taking out resistance. The index has strong resistance at 1985-1991, and support is 1939-1947, 1928 and 1913-1920.