Technical Analysis: Nasdaq Takes Out More Resistance

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.

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