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RealTime IT News

Technical Analysis: The Indexes Push Ahead

The indexes continued to push ahead today, with modest breakouts on the Dow and S&P (first two charts below). 9954 and 1079 are now the first support levels for the market. 10,00-10,008, 10,025, 10,050-10,068 and 10,100 are resistance on the Dow, and below 9954, 9940, 9880-9900 and 9855 are support. The S&P has resistance at 1087, 1090-1092 and 1097, and support is 1079, 1075 and 1067-1070. The Nasdaq (third chart below) faces a ton of resistance around 1810. Above that, resistance is 1821, 1830 and 1842. Support is 1790-1792, 1783, 1775 and 1769.



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