Technical Analysis: Nasdaq Finds Support
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The Nasdaq (first chart below) held onto its final uptrend line from August today, but now the techs need to find buyers. 2080 is critical support, and 2105 and 2120 are resistance. The S&P 500 (second chart) has support at 1182-1183, 1172-1175 and 1160-1163, and resistance at 1193 and 1198-1200. On the plus side, the Dow (third chart) could be forming a bullish falling wedge, with support at 10,550-10,560, and resistance at 10,625-10,630. Important levels to watch for directional clues.