RealTime IT News

Technical Analysis: Lower Highs

A nasty outside reversal day for the Nasdaq (first chart below), which got rejected at its main downtrend line and then fell 28 points to close at the lows for the day. The next support levels are 2129-2133 and 2120, and resistance is 2154 and 2167. The Dow (second chart) has critical support at 10,380 and 10,350, and resistance is 10,510-10,520. The S&P (third chart) has support at 1211, 1207-1208 and 1200, and resistance is 1217, 1220, 1225 and 1232.