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Tuesday, May 31, 2005 10:30:10 PM
Technical Analysis: Rally Turns Choppy
By Paul Shread
The rally has turned choppy in recent days, but the Nasdaq (first chart below) remains in a solid uptrend. 2090-2100 is major resistance, and support is 2065 and 2045. The S&P (second chart) is struggling just below the 1200-1201 resistance level. Support is 1184-1188 and 1180. The Dow (third chart) has support at 10,425-10,440 and 10,405-10,415, and resistance is 10,500 and 10,560-10,620.
By Paul Shread
The rally has turned choppy in recent days, but the Nasdaq (first chart below) remains in a solid uptrend. 2090-2100 is major resistance, and support is 2065 and 2045. The S&P (second chart) is struggling just below the 1200-1201 resistance level. Support is 1184-1188 and 1180. The Dow (third chart) has support at 10,425-10,440 and 10,405-10,415, and resistance is 10,500 and 10,560-10,620.
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