Technical Analysis: Nasdaq Powers Higher
Page 1 of 1
The Nasdaq (first chart below) is pushing through rising resistance here, a sign of strength because sellers often win the battle when rising resistance is hit. The index faces resistance every 10 points between here and 1900, and support is 1850 and 1843. The S&P (second chart) was stopped at the bottom of the major 1106-1110 resistance band, a big test for the bulls. Support is 1100-1102 and 1095. The Dow (third chart) was stopped at 10,200 resistance; 10,250 is above that, and 10,150 and 10,100 are support.