Technical Analysis: Another Reversal Attempt
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A nice recovery today, but we could have used a little more fear among option traders. Still, that was a straight shot off the lows today, with no overlap, so more upside remains possible. The Nasdaq (first chart) has support at 1856, 1846 and 1838, and resistance is 1860, 1868-1872 and 1883-1889. The S&P (second chart) has support at 1094, 1089 and 1086, and resistance is 1100 and 1107. The Dow (third chart) has support at 10,097, 10,048-10,068 and 10,030-10,032, and resistance is 10,140-10,162 and 10,220.