Technical Analysis: Nasdaq Takes Out More Resistance | Internet News

Technical Analysis: Nasdaq Takes Out More Resistance

Written By
Paul Shread
Paul Shread
May 26, 2004
1 minute read

The Nasdaq (first chart below) continues to chew through resistance, taking out the important 1973 level today. Next up is 2000, and 1973 and 1955 are support. The S&P (second chart) faces resistance at 1117, 1120, 1126 and 1130, and support is 1112, 1110 and 1107. The Dow (third chart) is the weak link here, getting stopped at a rising resistance line again today. That resistance level should be at about 10,140 for tomorrow. 10,170 and 10,225-10,250 are resistance above that, and 10,048-10,060 is major support.

Internet News Logo

InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.