Technical Analysis: Stocks Stay Stuck
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The indexes remain stuck, but at least they're holding support. The Nasdaq (first chart below) is clinging to its 200-day moving average. Resistance is 2015 and 2023, and support is 1985 and 1977. The Dow and S&P (second and third charts) continue to hang on above their main downtrend lines that the indexes broke out of last week. The Dow has support at 10,425, and resistance is 10,550. The S&P has support at 1175, and resistance is 1189 and 1194.