Technical Analysis: Nasdaq Breaks Down
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The Nasdaq (first chart below) lost its uptrend line today, but held 2139 support below that. Below 2139, 2130 comes into play, and 2155 is now tough resistance, with 2161 above that. The S&P (second chart) fared better. 1227 is first support, and 1225 is critical. Resistance is 1237 and 1242-1246. The Dow (third chart) is back near the critical support zone of 10,500-10,520, and resistance is 10,580 and 10,630.