Technical Analysis: Dow Stalls Again
Page 1 of 1
The Dow (first chart below) continues to stall near its yearly high of 10,868. Support is 10,800, 10,750 and 10,700. The Nasdaq (second chart) is winding up in a tight range here, with 2075 to the upside and 2057 to the downside looking like important short-term levels. Above 2075, 2087 and 2100-2112 come into play. Below 2057 and the index could be headed back to 2040. The S&P (third chart) has support at 1207, 1200 and 1190-1195, and resistance is 1212 and 1218. On the plus side, the put-call ratio was unusually high for an up day.