Technical Analysis: Nasdaq Takes Out More Resistance
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The Nasdaq (first chart below) continues to chew through resistance, taking out the important 1973 level today. Next up is 2000, and 1973 and 1955 are support. The S&P (second chart) faces resistance at 1117, 1120, 1126 and 1130, and support is 1112, 1110 and 1107. The Dow (third chart) is the weak link here, getting stopped at a rising resistance line again today. That resistance level should be at about 10,140 for tomorrow. 10,170 and 10,225-10,250 are resistance above that, and 10,048-10,060 is major support.