RealTime IT News

Technical Analysis: A Solid Start

The Nasdaq (first chart below) made a nice recovery today, getting back above 2055 and challenging the next resistance level at 2075-2080. Still, the index needs to make a strong push through 2100 if it is to challenge its yearly highs. 2060, 2050-2055 and 2040 are support. The Dow (second chart) corrected deeper than we would have preferred, but at least it's heading in the right direction for now. The next resistance level is 10,445-10,450, and support is 10,390, 10,360 and 10,330. The S&P (third chart) has support at 1195-1197 and 1191, and resistance is 1209-1210 and 1220.