Technical Analysis: Blue Chips Turn Up
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A divided market here. The Dow (first chart below) made a new rally high today, while the Nasdaq (second chart) remains broken. The Dow faces resistance at 10,775 and 10,868, and support is 10,690-10,700 and 10,632-10,664. The Nasdaq has support at 2030-2040, and 2065 and 2080-2085 are resistance. The S&P (third chart) struggled at 1200 resistance today, with 1203-1205 above that, and 1191-1195 is support.