Technical Analysis: Stocks Stay Stuck
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The Nasdaq (first chart below) remains stalled following Tuesday's big breakdown. Resistance is 2150 and 2162, and support is 2130-2131, 2114-2116 and 2106. The S&P (second chart) is hanging onto its 50-day moving average, and also held an uptrend line today, but the index now needs to turn up. Support is 1216, and resistance is 1223, 1226, 1229 and 1237. The Dow (third chart) has support at 10,480-10,500, and resistance is 10,590-10,600.