RealTime IT News

Technical Analysis: Nasdaq Plays Nicely

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.

We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.