Technical Analysis: Stocks Stall
Page 1 of 1
The market seems to be stuck for the moment between the 200-day average on the Dow (first chart below) to the downside and the 200-day average on the S&P (second chart) to the upside. The Dow has important support at 10,877 and then again at 10,757. Resistance is 10,980-11,000, 11,030-11,040 and 11,077-11,100. The S&P has support at 1250 and 1245 and critical support at 1230-1235. Resistance is 1261-1265 and 1275-1281. The Nasdaq (third chart) has support at 2125-2130 and 2100, and resistance is 2165 and 2185-2190. Long bond yields (fourth chart) continue to creep below 5%.