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RealTime IT News

Technical Analysis: Techs Lead The Charge

The Nasdaq (first chart below) is once again pushing an old trendline that has stopped the index over the last week or so. If the techs can push higher, another attempt on 2100 may be in the cards. Support is 2065, 2055 and 2050. The Dow (second chart) isn't pretty, but at least it's hanging on. 10,405 and 10,446 are important resistance levels, and support is 10,350, 10,300 and 10,280. The S&P (third chart) has resistance at 1210-1212 and 1218-1220, and support is 1198-1200 and 1193.