Technical Analysis: Nasdaq, S&P Stall at Resistance
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The Nasdaq (first chart below) remains stuck below a pretty solid downtrend line here. Resistance on Tuesday will be 2290, and support is 2278 and 2268. The S&P (second chart) faces major resistance at 1295, and support is 1284, 1280, 1275 and 1272. The Dow (third chart) sure seems to be in a big broadening pattern here. Resistance is 11,130-11,135, 11,150 and 11,200, and support is 11,050-11,070, 11,000 and 10,960. And finally, a break for long bonds (fourth chart).