RealTime IT News

Technical Analysis: Techs Push Higher

The Nasdaq (first chart below) finally pushed through the 1968-1972 zone today, which is now first support, with 1960 below that. Resistance is 1992, 2000 and 2010, some very big levels. The S&P (second chart) tested its 50-day average today. 1182 and 1193 are the next resistance levels, and 1173 and 1164 are support. The Dow (third chart) continues to struggle around its 200-day moving average. Resistance is 10,400-10,405, and 10,350 should be good short-term support at this point.