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Technical Analysis: Fear Picks Up

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.