Technical Analysis: Techs Power Higher
Page 1 of 1
An impressive turnaround today, especially so given Dell's revenue warning. The Nasdaq (first chart below) regained broken support and then some, and could be poised for another run at 2100-2106 resistance if it can take out its downtrend line at 2080. Support is 2060-2065, and 2040 is now critical support. The S&P (second chart) had a nice little breakout today. The next resistance levels are 1210 and 1218, and support is 1200 and 1192-1196. The Dow (third chart) has a nice uptrend going. Support is 10,750 and 10,720, and resistance is 10,868.