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Technical Analysis: Back To The Lows

The recent volatility is playing out as expected, with the indexes challenging their recent lows once again. The Nasdaq (first chart below) ended the day at a new closing low for the year, right at its intraday low from earlier this month. Below 1900-1904, 1875 and 1850 are possible targets on the index. 1927-1933 and 1945 are resistance levels. The S&P (second chart) has resistance at 1151, 1155 and 1158, and support is 1140, 1136, 1130 and 1125. The Dow (third chart) has critical support at 10,000, and resistance is 10,175-10,180. The indexes are deeply oversold, so there's some hope for a bounce soon.



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