Technical Analysis: Nasdaq Plays Nicely
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In the context of recent market behavior, today qualifies as a good day. The Nasdaq (first chart below) held its 200-day moving average at 1993 and pushed its March downtrend today. A move above 2002 would be a plus, with 2008, 2023 and 2040-2045 waiting above that. The Dow (second chart) has support at 10,415-10,420, and 10,500 is major resistance, the index's main downtrend line. The S&P (third chart) has resistance at 1185 and 1193, and support is 1175 and 1170.