Technical Analysis: Nasdaq 100 Can’t Break Out

The Nasdaq 100 (first chart below) was stopped at critical 1050 resistance today. 1030, 1019 and 1014 are support. The Nasdaq (second chart) faces resistance at 1400 and 1426, and has support at 1378, 1367 and 1361. The Dow and S&P (third and fourth charts) put in uninspiring candlesticks today; a down day tomorrow following today’s dojis would look like a lower high for the indexes. Critical support is 8485 on the Dow and 880-886 on the S&P. Resistance is 916 and 925 on the S&P, and 8680 and 8750-8800 on the Dow.

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