Looks like the negative internals the last two days caught up with the market today. The Nasdaq (first chart below) didn't quite make it to the 2088-2095 resistance zone before turning back. 2050-2053, 2046 and 2037 are support, and below that is Friday's big gap down at 2015-2020. First resistance levels are 2069 and 2079. The S&P (second chart) faces resistance at 1150, 1154, 1157, 1160-1163 and 1173-1177, and support is 1140-1143 and 1133-1136. The Dow (third chart) has resistance at 10,600, 10,650, 10,700 and 10,750, and support is 10,500-10,520, 10,450-10,460 and 10,420.
 NASDAQ 100 Trust Shares (QQQQ) Forum Comments -- Seeking Alpha::
11 posts - 7 authorsI get the impression you're not a believer in technical analysis. As it turned out, the markets cleared that first level of resistance, but ulimately
http://seekingalpha.com/symbol/qqqq/mb/comments/668HOME |
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