RealTime IT News

Technical Analysis: Pullback

Nice support hold by the S&P (first chart below) today, holding a point where two trendlines converged. A textbook picture today. Support is 1228-1230 for tomorrow, when a third trendline will enter that zone. Resistance is 1237, 1240 and 1244-1246. The Nasdaq (second chart) has support at 2158-2160, with 2150 the next level below that. Resistance is 2174-2176 and 2185-2190. The Dow (third chart) has lots of support between 10,500 and 10,540, and resistance is 10,640-10,660 and 10,700-10,720.