RealTime IT News

Technical Analysis: Gap Support Holds

The Nasdaq (first chart below) held last Friday's gap at 2037 nicely today, which reinforces the importance of that support level. Resistance levels are 2069, 2079 and 2088-2095. The S&P (second chart) faces resistance at 1150, 1155-1157, 1160-1163 and 1173-1177, and support is 1134-1138. The Dow (third chart) has resistance at 10,520, 10,570, 10,600, 10,650, 10,700 and 10,750, and support is 10,455 and 10,420.