RealTime IT News

Technical Analysis: Nasdaq Hits Major Support

The Nasdaq (first chart below) is sitting back on critical support in the 2240-2245 zone; a critical level for the bulls here. To the upside, 2264, 2278 and 2290 are resistance. The S&P (second chart) has major support at 1246-1250, and resistance is 1270-1275 and 1290-1295. The Dow (third chart) has support at 10,640, 10,600 and 10,550, and resistance is 10,720 and 10,800-10,840. Not much of a boost for long bonds (fourth chart) today; would be nice to see a little more flight to quality.