Support and Resistance:
NASDAQ: Closed at 1928.65
Resistance:
The 10 day EMA at 1932
The 18 day EMA at 1946 stalled the last rebound attempt.
1950 (top of October to December 2003 consolidation)
1962 is the recent lower high.
Late 2003 highs from 1960 to 1970 and the March/April consolidation low at 1974
Early October high at 1971 and the March low at 1973.
The 200 day SMA at 1991
The 50 day EMA at 1988 and the 50 day SMA at 2000.
Support:
1904 is the April low.
1900 from October 2004, March 2004, October to December 2003 (consolidation range bottom) held on this last test.
1876 from the May 2004 low and November 2003 low.
1860 from the late September 2004 low.
S&P 500: Closed at 1162.16
Resistance:
The 18 day EMA at 1161 is cracking.
1164 is the January/March neckline to the head and shoulders pattern.
1175 second high in that double top that spanned late 2001 and early 2002 is trying to hold
The 50 day EMA at 1174
The 50 day SMA at 1182
March 2003 up trendline at 1196
1196, the mid-January high and the early December peak in the left shoulder.
1200
Support:
The 200 day SMA at 1156
1137 the recent April low.
1138 the August 2003/August 2004 up trendline
1129 to 1125
1100 to 1095
Dow: Closed at 10,251.70
Resistance:
The 18 day EMA at 10,248 is cracking
Some price resistance at 10,250
The recent April highs at 10,264
The 200 day SMA at 10,375
10,400, the bottom of the November/December range
The 50 day EMA at 10,413
Price consolidation at 10,600
10,754 is the February high
Support:
10,065 from March 2004 lows.
10,000 the recent lows.
9988 from September 2004.
9933 to 9900 |
