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Technical Analysis: Nasdaq Running Out Of Room

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.