Technical Analysis: Nasdaq Nears Support
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The Nasdaq (first chart below) is getting wound up in a pretty tight range here, with 2245 the critical level to the downside and 2295 the big level to the upside. Tomorrow's CPI data may have some say in how that trading range gets resolved. The S&P (second chart) stalled just under major resistance at 1295. Support is 1280 and 1272-1275. The Dow (third chart) continues to stall out at 11,130-11,150 resistance. Support is 11,050, 11,000 and 10,960. And bond bears (fourth chart) still have some fight left in them.