RealTime IT News

Technical Analysis: The Picture Improves

The Dow (first chart below) pushed above important resistance at 10,602, which is now first support. The index's picture improved with today's move, but the Federal Reserve is on deck tomorrow and the index still faces important resistance at 10,643, 10,670 and 10,753. The Nasdaq (second chart) faces resistance at 2154-2165, and support is 2140-2145, 2132-2135, 2128 and 2120. The S&P 500 (third chart) faces strong resistance at 1200, with 1227-1244 a potential target above that. Support is 1190, 1185 and 1175.