That didn’t last long. Just days after breaking out to new highs, the Dow and S&P (first two charts below) gave up those breakouts today. 10,850-10,900 and 1215-1218 are resistance, and 10,700 and 1195-1200 are critical support levels. The Nasdaq (third chart) remains in the middle of its two-month trading range. Resistance is 2077 and 2100, and support is 2050 and 2040. On the plus side, options traders showed plenty of fear today.
Paul Shread has covered nearly every aspect of enterprise technology in his 20+ years in IT journalism, including an award-winning series on software-defined data centers. He wrote a column on small business technology for Time.com, and covered financial markets for 10 years, from the dot-com boom and bust to the 2007-2009 financial crisis. He holds a market analyst certification.
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.
