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Technical Analysis: Bears Hold Sway

Not much for the bulls to cheer about again today. The Nasdaq (first chart below) so far can't take out the first resistance level at 1895. If the index can clear that, 1900, 1910 and 1915 are next. To the downside, support is 1876-1880, 1862-1866 and 1855. The S&P (second chart) has support at 1106, 1100-1101 and 1095, and resistance is 1113, 1117 and 1120. The Dow (third chart) is in free fall, with support at 10,000 and 9960, and resistance at 10,110 and 10,150.



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