RealTime IT News

Technical Analysis: Techs Try Again

The Nasdaq (first chart below) gets points for resilience; the techs are once again trying to rebuild their August uptrend line. But once again, we need to see follow-through, which has been in short supply in recent weeks. Resistance on Tuesday will be 2095-2100 and 2114, and support will be 2077 and 2066. The S&P 500 (second chart) has support at 1175, 1172, 1168 and 1160-1163, and resistance is 1188 and 1195-1200. The Dow (third chart) has resistance at 10,585-10,620, and support is 10,450-10,500.