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Technical Analysis: The Rally Continues

The indexes continue to build on their gains, and even accelerate, as they move further above their short-term uptrend lines. The Nasdaq (first chart below) faces resistance at 2050 and 2060 (a big level there), and support is 2034, 2020, 2008-2012 and 1998-2000. The S&P (second chart) faces resistance at 1192-1194 and 1200-1201, and support is 1184 and 1180. The Dow (third chart) has support at 10,360-10,405, and resistance is 10,500 and 10,570-10,620.