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Technical Analysis: Internals Improve

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Paul Shread
Paul Shread
Apr 16, 2004

Well, we finally got some significant improvement in the NYSE internals today, but to no avail so far. The Nasdaq (first chart below) has support at 1990, 1978, 1960 and 1940, and resistance is 2011-2015, 2020, 2031 and 2040. The S&P (second chart) has support at 1126, 1120, 1115 and 1110, and resistance is 1134, 1138-1140 and 1145-1146. The Dow (third chart) has support at 10,322, 10,270, 10,220-10,230, 10,180 and 10,108, and resistance is 10,420-10,450.

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