Technical Analysis: Uncertainty Creeps In
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With earnings from Cisco and Dell and a Fed rate hike coming this week, it's no wonder stocks paused today. The Nasdaq (first chart below) is hesitating below its June high of 2055. Support is 2020-2025 and 1992-2000. The S&P 500 (second chart) faces major resistance at 1173-1177 and 1190-1200. Support is 1160-1163, 1157, 1150 and 1140-1142. The Dow (third chart) faces resistance at 10,416 and 10,487-10,500, and support is 10,300.