Technical Analysis: S&P Hits Resistance
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The S&P (first chart below) is pushing 1164; a big level if the bulls can take it out, as the indexes finally seem to have established a little footing here. Above 1164, 1170-1175 is another toughie, and support is 1155 and 1150. The Nasdaq (second chart) should clear its steepest downtrend line on any move up tomorrow. 1968-1972 and 1985-1990 are the next resistance levels, and 1940 is support. The Dow (third chart) has support at 10,175-10,225, and resistance is 10,310 and 10,350-10,375.