Technical Analysis: Indexes Build on Breakouts
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Not much to complain about today, as the indexes built on yesterday's breakouts. The rally is certainly looking for real at this point. The Nasdaq (first chart below) faces resistance at 2035, 2040, 2050 and 2060. Support is 2020, 2008-2012 and 1995-2000. The S&P (second chart) faces resistance at 1192-1194 and 1200-1201, and support is 1184, 1180 and 1174. The Dow (third chart) has important support at 10,388-10,405, and resistance is 10,500 and 10,570-10,600.