Technical Analysis: Stocks Digest Gains
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It hasn't been the most convincing of rallies, but so far it's holding up well, as stocks resisted selling and digested Friday's gains today. On the Dow (first chart below) 10,629-10,664 is important support, and 10,750-10,775 and 10,868 are resistance. The S&P (second chart) is holding 1196-1200 support, and resistance is 1205, 1210 and 1218. The Nasdaq (third chart) is hitting overhead resistance in the 2000-2008 range, and 2070 looks like important support here.