Technical Analysis: Gap Support Holds | Internet News

Technical Analysis: Gap Support Holds

Written By
Paul Shread
Paul Shread
Apr 7, 2004
1 minute read

The Nasdaq (first chart below) held last Friday’s gap at 2037 nicely today, which reinforces the importance of that support level. Resistance levels are 2069, 2079 and 2088-2095. The S&P (second chart) faces resistance at 1150, 1155-1157, 1160-1163 and 1173-1177, and support is 1134-1138. The Dow (third chart) has resistance at 10,520, 10,570, 10,600, 10,650, 10,700 and 10,750, and support is 10,455 and 10,420.

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