Technical Analysis: S&P Nears Highs | Internet News

Technical Analysis: S&P Nears Highs

Written By
Paul Shread
Paul Shread
Sep 8, 2005
1 minute read

The S&P (first chart below) is less than 1% from its four-year high of 1245.86 set last month. That’s also the bottom of a major resistance zone between 1244 and 1265. 1229-1230 should be solid support at this point, with 1223 below that. The Nasdaq (second chart) has important short-term support at 2158, and resistance is 2174-2176 and 2185-2190. The Dow (third chart) has first support at 10,600, and a whole cluster of support below that between 10,500 and 10,540. Resistance is 10,640-10,660 and 10,700-10,720.




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.