Technical Analysis: Indexes Hang On

The market is trying to right itself after yesterday’s high-volume sell-off, but it’s not getting off to the greatest start, with poor internals today. The Nasdaq (first chart below) faces resistance at 2132, 2140-2150 and 2160, and support is 2110 and 2090-2100. 1176 is shaping up to be an important support level on the S&P 500 (second chart), with 1170 and 1162-1167 below that. 1185-1187 looks like tough resistance. The Dow (third chart) held onto support at 10,440, another level that is shaping up as significant, and 10,520-10,560 is resistance.

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