The S&P and Dow (first two charts below) have pulled back as far as they can without giving up their recent downtrend line breakouts. Below 10,160 on the Dow and 1156 on the S&P, the market is in trouble. Resistance is 1164 and 1175-1180 on the S&P, and 10,340-10,400 on the Dow. The Nasdaq (third chart) is looking a little better for a change. Critical support is 1940, and resistance is 1983, 1994 and 2005.
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.
Advertise with TechnologyAdvice on InternetNews and our other IT-focused platforms.
Property of TechnologyAdvice.
© 2024 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.