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RealTime IT News

Technical Analysis: Indexes Find Support

The indexes paused to digest yesterday's big gains ahead of tomorrow's big jobs report — no cause for concern based on today's action. The Nasdaq (first chart) held above its 200-day moving average at 1993, a plus there. Resistance is 2008, 2023 and 2040. The S&P (second chart) barely corrected at all today. Support is 1174-1177 on that index, and resistance is 1185 and 1193. The Dow (third chart) still must take out its main downtrend line, at about 10,560 for tomorrow, and support is 10,455 and 10,368-10,400.