Technical Analysis: Nasdaq Stopped Again
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The Nasdaq (first chart below) continues to struggle at an old trendline that broke in March. Resistance levels are 2063-2065, 2068, 2078 and 2090-2100, and support levels are 2050, 2040 and 2035 and 2015. The S&P (second chart) is clinging to a short-term uptrend line; the next support levels are 1184-1185 and 1180, and resistance is 1200-1201. The Dow (third chart) is also barely hanging on to its short-term uptrend. Support is 10,400-10,405, and resistance is 10,570-10,620.