Technical Analysis: Techs Continue Slide
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The Nasdaq (first chart below) continued its slide today. 2250 is critical support here, and 2277 and 2300 are resistance. The S&P (second chart) is clinging to 1275-1276 support. Below that, 1267 and 1262 come into play, and resistance is 1282 and 1290. The Dow (third chart) has support at 10,900-10,920, and resistance is 11,000, 11,050 and 11,080. Long bond yields (fourth chart) finally gave investors a break today.