The Nasdaq (first chart below) tested and held its uptrend twice today with a point or two to spare, encouraging buyers. 1900 is critical support for Monday, and resistance is 1925, 1931-1933 and 1940-1950. The S&P 500 (second chart) has support at 1100-1103, 1095 and 1087-1091, and resistance is 1113, 1117 and 1120. The Dow (third chart) has support at 9900, 9875, 9852-9858 and 9784-9800, and resistance is 9977-10,000 and 10,040-10,050.
Paul Shread has covered nearly every aspect of enterprise technology in his 20+ years in IT journalism, including an award-winning series on software-defined data centers. He wrote a column on small business technology for Time.com, and covered financial markets for 10 years, from the dot-com boom and bust to the 2007-2009 financial crisis. He holds a market analyst certification.
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