Technical Analysis: Another Reversal Attempt | Internet News

Technical Analysis: Another Reversal Attempt

Written By
Paul Shread
Paul Shread
Jul 29, 2004
1 minute read

A nice recovery today, but we could have used a little more fear among option traders. Still, that was a straight shot off the lows today, with no overlap, so more upside remains possible. The Nasdaq (first chart) has support at 1856, 1846 and 1838, and resistance is 1860, 1868-1872 and 1883-1889. The S&P (second chart) has support at 1094, 1089 and 1086, and resistance is 1100 and 1107. The Dow (third chart) has support at 10,097, 10,048-10,068 and 10,030-10,032, and resistance is 10,140-10,162 and 10,220.

Internet News Logo

InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.