Technical Analysis: Nasdaq Finds Support

The Nasdaq (first chart below) bounced at obvious support today, its 200-day moving average, ending back at the unchanged level (and its January low) by the close. Resistance is 2023, 2030 and 2038 — and that’s just a start — and support is 2000 and 1993. Below 1993, 1970 and 1950 support come into range. The S&P (second chart) bounced at the top of 1175-1177.5 support today. Below that, 1165 comes into range, and resistance is 1195. The Dow (third chart) bounced at the top of 10,500-10,532 support; below that, 10,375 could be the target. Resistance is 10,670 and 10,725-10,775.

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