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RealTime IT News

Technical Analysis: Techs Continue to Struggle

The Nasdaq (first chart below) continues to struggle here; it'll have to take out 2097-2100 soon, or the risk could shift to the downside. Support is 2050-2055 and 2040-2042, and 2070 is first resistance. The S&P (second chart) has important short-term support at 1192, with 1185 and 1180 below that. Resistance is 1205, 1208-1210 and 1218. The Dow (third chart) has important support at 10,430 and 10,405, and 10,573-10,620 is major resistance.