Technical Analysis: Stocks Run Into Resistance

The Dow (first chart below) remains below key resistance in the 10,450-10,510 range, but at least it doesn’t appear to be in a hurry to go down. 10,400 and 10,368 are support. The S&P (second chart) continues to stall at 1175 resistance, with 1180 and 1188 important levels above that. 1166 and 1160-1163 are support. The Nasdaq (third chart) ran into its main downtrend line today, which should be at about 2050 on Monday, with 2058, 2065 and 2073 resistance above that. Support is 2030, 2024 and 2008.

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