Technical Analysis: S&P Ends Week on Support

The S&P (first chart below) will start next week right on the 1280-1285 support zone — next week’s big earnings reports could be big indeed for market direction. To the upside, the S&P faces resistance at 1295-1300 and 1316. The Dow (second chart) hung onto its big support level at 10,920, and resistance is 11,000 and 11,055. The Nasdaq (third chart) faces resistance at 2328-2333, and support is 2295-2305. No complaints with the bond market (fourth chart).

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