RealTime IT News

Technical Analysis: Back to Support

After yesterday's impressive reversal, today was a disappointing trip back to critical support levels for the market. The Nasdaq (first chart below) is right back at the critical support level of 1968-1970; below that would look like the start of another leg down for the techs. Resistance is 1992, 2000, 2010, 2030 and 2040-2050. The Dow (second chart) returned to its critical support zone of 103,60-10,380, and resistance is 10,500 and 10,560. The S&P (third chart) has support at 1171 and 1164, and resistance is 1187 and 1194.