Technical Analysis: Another Day of Indecision

The indexes continue to remain stuck in a month-long trading range, but at least dips are getting bought. Now can they break out? The Dow (first chart below) continues to be halted at the 10,589-10,620 resistance zone. Above that and the blue chips could run. Support is 10,500, 10,437 and 10,405. The S&P (second chart) has resistance at 1209, 1212 and 1218, and support is 1200-1201 and 1193. The Nasdaq (third chart) faces resistance at 2080 and 2096-2100, and support is 2060 and 2053.

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