Technical Analysis: Techs Turned Back Again
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Another day, another failure at resistance for the Nasdaq (first chart below), which must clear 2080-2085 and 2100 to get anything going here. Support is 2058, 2050 and 2035-2040. The Dow (second chart) is in tough shape here; below 10,250, and it may have started another wave down. Resistance is 10,350, 10,405 and 10,445. The S&P (third chart) is sitting right on support at 1194. Below that, 1188, 1185, 1180 and 1176 are support, and resistance is 1200-1205.