Technical Analysis: Nasdaq Running Out Of Room
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The Nasdaq (first chart below) needs to get back above 2055 to get pointed back up again, with 2075 the next resistance level above that. 2040 is important support; 2020-2030 could provide support below that, but there's otherwise a lot of air below 2040. The Dow (second chart) pulled back deeper than we would have preferred a bit worrisome for the blue chips. 10,250-10,263 is critical support. To the upside, the index must retake 10,380, 10,405 and 10,445. The S&P (third chart) has support at 1180-1185, and resistance is 1195-1200.