Technical Analysis: Support Holds

A little pullback and put buyers come out in force – that’s a good sentiment base for the rally to build on. The Nasdaq (first chart below) did a nice job holding 1973 support today. 1960 is below that, and 1993, 2000 and 2040 are resistance. The S&P (second chart) held 1113 support. 1117 is first support, and resistance is 1125-1128 and 1135. The Dow (third chart) struggled a little more with support. If 10,135-10,150 goes, 10,075 should be strong support. 10,210-10,250 is major resistance.

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