Technical Analysis: Nasdaq Hangs On | Internet News

Technical Analysis: Nasdaq Hangs On

Written By
Paul Shread
Paul Shread
Oct 15, 2004
1 minute read

The Nasdaq (first chart below) remains the only major index still in an uptrend here, but a move below 1897-1898 tomorrow would end that. Resistance is 1910, 1920, 1925 and 1931-1933. The S&P 500 (second chart) has support at 1100, 1095 and 1087-1091, and resistance is 1107, 1110-1113 and 1118-1120. The Dow (third chart) has support at 9855-9858 and 9800, and resistance is 9957, 9977, 10,000 and 10,040.

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