Technical Analysis: Fear Picks Up
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More damage to the bullish case today, but at least fear among options traders picked up noticeably. The Nasdaq (first chart below) is coming up on major support at 2100-2106 it's doubtful that will be given up without a good fight. 2114-2116 is first support, and resistance can be found at 2124, 2128, 2137 and 2145. The S&P (second chart) has important support at 1195-1200, and resistance is 1210 and 1220-1221. The Dow (third chart) has critical support at 10,300, and resistance is 10,430 and 10,480.