Technical Analysis: Techs Hang On | Internet News

Technical Analysis: Techs Hang On

Written By
Paul Shread
Paul Shread
Jan 7, 2005
1 minute read

The Nasdaq (first chart below) is so far hanging on between two uptrend lines from August; whichever line the index breaks through could be the key. 2080 is critical support, and 2115 is critical resistance. The index is deeply oversold; can the big jobs report tomorrow provide a bounce? The S&P 500 (second chart) has important support at 1183, with 1172-1175 and 1160-1163 below that, and resistance is 1193 and 1198-1200. The Dow (third chart) has support at 10,575-10,583 and 10,530-10,540, and resistance is 10,640-10,650 and 10,700-10,710.

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.