Technical Analysis: Nasdaq On Critical Support | Internet News

Technical Analysis: Nasdaq On Critical Support

Written By
Paul Shread
Paul Shread
Mar 16, 2005
1 minute read

The Nasdaq (first chart below) is sitting right on critical support at 2032-2033. If that goes, 2023 and 2008 are the next support levels, but the index would look pretty broken. Resistance is 2063 and 2100. The S&P (second chart) broke its October uptrend today. The next support levels are 1195, 1190 and 1185, and resistance is 1202 and 1207. The Dow (third chart) has important support at 10,740, with 10,700 and 10,676 below that, and resistance is 10,820 and 10,868.

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