The Nasdaq (first chart below) stalled right at the uptrend line that the index gave up yesterday — not the best sign for the bulls. The index faces strong resistance at 2155-2160, and support is 2136, 2128-2129, 2114-2116 and 2106. The S&P (second chart) held its 50-day moving average today, but otherwise didn’t get very far. Support is 1218 and 1214, and resistance is 1226, 1229-1233 and 1238. The Dow (third chart) has support at 10,500, 10,480 and 10,440, and resistance is 10,590-10,620.
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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