RealTime IT News

Technical Analysis: Techs Hold Strong

About the only sign of weakness for the Nasdaq (first chart below) is that it can't take out 1920 resistance; other than that, the index continues to hold up well despite some pretty overbought conditions. Support is 1900, 1895 and 1888, and resistance above 1920 is 1935-1940. The S&P (second chart) continues to stall at 1130 resistance, with 1135 a tough level above that. Support is 1125 and 1115. The Dow (third chart) has support at 10,300, 10,285 and 10,210-10,237, and resistance is 10,330-10,363 and 10,400.