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Technical Analysis: Indexes Can't Get Up

The indexes couldn't get going today, but internals improved markedly, suggesting the possibility of some accumulation here. The Nasdaq (first chart below) has major support at 1887, and below that, 1880, 1865 and 1842 are also big. Resistance is 1913-1922, 1928-1930, 1940, and 1950-1955. The Dow (second chart) has major support at 10,000, 9900 and 9800. Resistance is 10,131, 10,200, 10,250 and 10,330. The S&P (third chart) has support at 1089-1091 and 1082, and strong support from 1055-1075. Resistance is 1102-1105, 1110-1113, and 1122-1126.

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