RealTime IT News

Technical Analysis: Nasdaq Back At Resistance

The Nasdaq (first chart below) is right back at major resistance — a move above 1960-1961 would be a breakout. To the downside, 1950, 1940 and 1931-1933 are support, and 1918 is critical support. The S&P 500 (second chart) continues to fluctuate around 1100. Support is 1100-1103, 1095 and 1087-1091, and resistance is 1111, 1114 and 1120. The Dow (third chart) put in its second straight bullish hammer on a retest of its yearly lows. Support is 9850 and 9784-9814 (9800), and resistance is 9900, 9940, 9960 and 10,000.