RealTime IT News

Technical Analysis: Inside Day

Very small range days on all the indexes today, with the Dow and S&P (first two charts below) forming "inside days," with trading completely within Friday's range, reflecting indecision here. The Dow has important support at 10,750-10,760, and 10,868 is important resistance. The S&P has support at 1199-1200, and resistance is 1210 and 1218. The Nasdaq (third chart) edged above its downtrend line today and may yet test 2100-2106 resistance. Support is 2079-2080, 2075 and 2060-2065. On the plus side, put buying has been very supportive in recent days.