Technical Analysis: Nasdaq Pushes Through
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Another nice little breakout by the Nasdaq (first chart below) today, which managed to recover a trendline broken in March. The index stopped at the top of a gap down in January; above 2073, the index could be headed for the next major resistance level at 2090-2100. Support is 2065 and 2055, and 2030 is critical. The S&P (second chart) has resistance at 1200-1201 and 1210-1212, and support is 1194 and 1184-1187. The Dow (third chart) has resistance at 10,560-10,620, and support is 10,500, 10,425-10,435 and 10,405-10,410.