RealTime IT News

Technical Analysis: Volume Dries Up

Volume fell off a cliff today, and the internals turned negative. The Nasdaq (first chart below) appears to be "wedging higher" here and could be due for a pullback. The index has support at 1835, 1831, 1821 and 1810, and resistance is 1848, 1855 and 1860. The S&P (second chart) has support at 1094, 1090, 1087, and 1080, and resistance is 1101 and 1106-1110. The Dow (third chart) will break a small uptrend on any move down tomorrow. Support is 10,000-10,030 and 9954, and resistance is 10,160, 10,200 and 10,250.