Technical Analysis: Evening Stars Come Out

The indexes (see charts below) put in “evening star” topping patterns the last three days. HP had strong results after the close tonight, but a negative CPI report in the morning could counteract that. The Nasdaq (first chart below) has resistance at 2087 and 2095-2100, and support is 2050-2062 (2055), 2040-2041 and 2032-2034. The S&P 500 (second chart) faces resistance at 1180, 1185 and 1190-1200, and support is 1170 and 1162-1163. The Dow (third chart) has resistance at 10,500-10,510 and 10,570, and support is 10,440-10,470 and 10,400.

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