RealTime IT News

Technical Analysis: Indexes Hang On � Barely

Yesterday's reversal held today, but just barely. The Nasdaq (first chart below) was the one bright spot, holding well above yesterday's lows. 2112-2118 is important support, and resistance is 2140. The S&P (second chart) barely held onto yesterday's low and an uptrend line today. 1201 is important support, and 1218-1220 is major resistance. The Dow (third chart) also barely hung on today. 10,350 is important support, and resistance is 10,450, 10,500, 10,530-10,540 and 10,580.