RealTime IT News

Technical Analysis: Tug Of War

The Nasdaq (first chart below) briefly broke its uptrend today before recovering to close just under 1876-1880 resistance. If it can clear 1880, 1890 and 1900 are the next resistance levels. 1855-1862 is now support. The S&P (second chart) did a much better job holding its uptrend line. 1114-1116 is major support, and resistance is 1125, 1130 and 1135. The Dow (third chart) is barely hanging onto 10,270-10,275 support, and 10,240 is below that. 10,300, 10,315, 10,337, 10,363 and 10,400 are resistance.