Technical Analysis: Stocks Struggle to Find Support
Page 1 of 1
The Dow and S&P (first two charts below) are trying to find support near their January lows, but so far it's struggle. The Dow has support at 10,378 and 10,325-10,368, and 10,525 is the level to beat on the upside. Not pretty, but we'll give the blue chips points for piercing support and managing to close back above it. The S&P has support at 1164, 1160 and 1152, and resistance is 1185 and 1193. The Nasdaq (third chart) has support at 1968 and 1940-1950, and resistance is 2003-2008.