RealTime IT News

Technical Analysis: Another Uninspiring Day

Another day of uninspiring trading — it looks more and more like the bulls will be lucky to avoid a post-election correction. The Nasdaq (first chart below) stalled just above 2000 today. Resistance is 2000-2002 and 2025, and support is 1980, 1975, 1970, 1955 and 1945. The S&P 500 (second chart) stalled at 1140-1142 resistance, and support is 1127-1128, 1123-1124, 1120 and 1117. The Dow (third chart) has resistance at 10,070, 10,100, 10,160, 10,220 and 10,250, and support is 9950-10,011.