RealTime IT News

Technical Analysis: Techs Stay Broken

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.