Technical Analysis: Bulls Show Resilience

The S&P 500 (first chart below) remains the key here; so far, it has been able to hang onto yesterday’s breakout. 1131.5 is critical support – the index found support at 1132 today – and resistance is 1140 and 1146. The Nasdaq (second chart) also showed some nice resilience today. 1965 is major resistance, and support is 1950, 1947, 1940-1942, 1933 and 1926. The Dow (third chart) faces resistance at 10,200-10,220, and major resistance at 10,290-10,300. Support is 10,140, 10,122 and 10,100.

News Around the Web