Technical Analysis: Techs Return to Support
Page 1 of 1
Is rotation and selective buying catching up with the stock market? The Nasdaq (first chart below) is back on 2300 support. Below that, 2290, 2275-2282, 2250 and 2243 are important levels. Resistance is 2325-2333, 2350 and 2375. The Dow (second chart) stalled at 11,426 resistance again. Support is 11,330, 11,300 and 11,260-11,280. The S&P (third chart) faces resistance at 1316-1320, and support is 1296-1300. Long bond yields (fourth chart) turned up again today.