Technical Analysis: Tug Of War

The Nasdaq (first chart below) briefly broke its uptrend today before recovering to close just under 1876-1880 resistance. If it can clear 1880, 1890 and 1900 are the next resistance levels. 1855-1862 is now support. The S&P (second chart) did a much better job holding its uptrend line. 1114-1116 is major support, and resistance is 1125, 1130 and 1135. The Dow (third chart) is barely hanging onto 10,270-10,275 support, and 10,240 is below that. 10,300, 10,315, 10,337, 10,363 and 10,400 are resistance.

Get the Free Newsletter!

Subscribe to our newsletter.

Subscribe to Daily Tech Insider for top news, trends & analysis

News Around the Web