Technical Analysis: Techs Stay Broken
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The Nasdaq (first chart below) stalled right at the uptrend line that the index gave up yesterday not the best sign for the bulls. The index faces strong resistance at 2155-2160, and support is 2136, 2128-2129, 2114-2116 and 2106. The S&P (second chart) held its 50-day moving average today, but otherwise didn't get very far. Support is 1218 and 1214, and resistance is 1226, 1229-1233 and 1238. The Dow (third chart) has support at 10,500, 10,480 and 10,440, and resistance is 10,590-10,620.