Technical Analysis: Eyes On The Dow

An impressive recovery today. The Dow (first chart below) looks like the index to watch here: below 10,417 and a top could be in, while a failure to take out 10,602 to the upside would be a negative. The Nasdaq (second chart) faces resistance at 2138-2145 and 2160, and support is 2110-2115 and 2090-2100 (2097). We’ll give the S&P 500 (third chart) credit for hanging on today, but not by much. 1175 is critical support, and resistance is 1190-1200 (1195-1197).

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