Technical Analysis: Market Stuck In Neutral
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The indexes remain very much range-bound here, restrained by rising interest rates on the upside and supported by healthy fear levels on the downside. The Nasdaq (first chart below) has set up a clear trading range, with resistance at 2007, 2016 and 2023, and support at 1979, 1970 and 1963. The S&P (second chart) has support at 1130 and 1120-1125, and resistance at 1137 and 1142. The Dow (third chart) has support at 10,300-10,330 and 10,266, and resistance is 10,390-10,433.