RealTime IT News

Technical Analysis: Techs Cling to Support

The Nasdaq (first chart below) continues to cling to 2328-2333 support. Below that, 2320, 2310 and 2300 are potential support levels. 2338, 2350-2354 and 2375 are resistance. The Dow (second chart) faces resistance at 11,310 and 11,350-11,426, and support is 11,250-11,260 and 11,180-11,200. The S&P (third chart) has support at 1293-1295, and resistance is 1305-1306, 1310, 1316, 1318 and 1320. Another breakout for long bond yields (fourth chart) today.

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