Technical Analysis: Stocks Fall Short

Not a good set-up for the bulls — three straight days within the body of a big red candlestick is generally a bearish sign for the short term. The Nasdaq (first chart below) has support at 2100-2108, 2093 and 2078, and resistance is 2129-2133 and 2140. The Dow (second chart) has support at 10,400-10,410, 10,360, 10,349-10,351 and 10,332, and resistance is 10,520, 10,540 and 10,565. The S&P (third chart) has support at 1207 and 1199-1201, and resistance is 1225-1227.

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