Technical Analysis: Stocks Digest Gains

It hasn’t been the most convincing of rallies, but so far it’s holding up well, as stocks resisted selling and digested Friday’s gains today. On the Dow (first chart below) 10,629-10,664 is important support, and 10,750-10,775 and 10,868 are resistance. The S&P (second chart) is holding 1196-1200 support, and resistance is 1205, 1210 and 1218. The Nasdaq (third chart) is hitting overhead resistance in the 2000-2008 range, and 2070 looks like important support here.

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