Technical Analysis: Techs Push Old Highs
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The Nasdaq (first chart below) has its early 2004 (2154) and early 2005 (2192) highs in sight; can the techs push through? They have a chance, but 2100-2106 must now hold as support. The S&P (second chart) is pushing 1220 resistance, with 1229, the index's post-2003 high, waiting above that. Support is 1210-1212 and 1206. The Dow (third chart) faces major resistance at 10,600 and 10,656-10,673, and 10,400-10,450 is critical support.