Technical Analysis: Downtrend Resumes

The Nasdaq (first chart below) continues to cling to 2090 support, with 2065 below that. To the upside, resistance levels are 2110-2115, 2125 and 2150. The S&P (second chart) is the most constructive chart here, with support at 2155-2157 and resistance at 1264 and 1270. The Dow (third chart) is clinging to 11,000, with 10,935 below that. Resistance is 11,030-11,040, 11,066, 11,120 and 11,150. Long bond yields (fourth chart) are another index barely hanging on.

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