Technical Analysis: Nasdaq on the Edge
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The Nasdaq (first chart below) ended the day right on its uptrend line. Any move down Monday would break it. 1890-1900 is the next support level, and 1957-1960 is the level for the bulls to beat. The S&P 500 (second chart) ended the day at 1095 support. Below that, 1087-1091 and 1079-1080 are support, and resistance is 1100-1103 and 1106-1112. The Dow (third chart) hit a new yearly low today, as the blue chips continue to outperform to the downside. The index could find support at around 9725-9732, and below that, support can be found every 50 points from 9500-9700. Resistance is 9784-9814 (9800), 9860 and 9900.