Technical Analysis: Techs On Support
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The rally continues to look a little wobbly here, with little upside progress. Tomorrow is the first of the month, however, so we could see new money support the market. The Nasdaq (first chart below) ended the day right on its October uptrend line. Support levels are 2090, 2065-2070, 2061 and 2050, and resistance is 2100, 2106, 2112 and 2118-2120. The S&P 500 (second chart) faces resistance at 1178-1180, 1185 and 1190-1200, and support is 1172 and 1160-1167. The Dow (third chart) has support at 10,400-10,417 and 10,360, and resistance is 10,480-10,500, 10,520-10,560 and 10,602.