Technical Analysis: Nasdaq, S&P Hang On
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The Nasdaq and S&P (first two charts below) barely held onto some big support levels today. The S&P (first chart) has a bunch of support around 1225; that level needs to hold. 1220 and 1210 are the next support levels below that, and 1236-1237 is the level to beat on the upside. The Nasdaq (second chart) Just barely hung onto its uptrend line today. Support is 1243-1245 and 1239, and resistance is 2160, 2172 and 2182. The Dow (third chart) has support at 10,500-10,520, and resistance is 10,620.