Technical Analysis: Nasdaq On Support
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The Nasdaq (first chart below) found support at its main August uptrend line today, an important level. If that goes, it's possible the index could redraw the line at 2070, and the index's 50-day average is at 2093. To the upside, resistance is 2120, 2130 and 2150. The S&P 500 (second chart) has support at 1185, 1180 and 1172-1175, and resistance is 1198-1200. The Dow (third chart) has support at 10,600, 10,500 and 10,450, and resistance is 10,640-10,650 and 10,700-10,710.