Support and Resistance:
NASDAQ: Closed at 1971.55
Resistance:
Early October high at 1971
The March/April consolidation low at 1974
The 50 day EMA at 1982
The 200 day SMA at 1993.61
The 50 day SMA at 1987.45
Early April high at 2021, February lows at 2023.
2100 is a key resistance point.
Support:
Late 2003 highs from 1960 to 1970
1962 is the recent lower high.
1950 (top of October to December 2003 consolidation)
The 18 day EMA at 1956
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 1171.11
Resistance:
The 50 day EMA at 1173
1175 second high in that double top that spanned late 2001 and early 2002
The 50 day SMA at 1178
The April high at 1192.
1196, the mid-January high and the early December peak in the left shoulder.
March 2003 up trendline at 1199
1200
December high at 1217.
Support:
1164 is the January/March neckline to the head and shoulders pattern.
The 18 day EMA at 1166
The 200 day SMA at 1158
1137 the recent April low.
1139.50 is the August 2003/August 2004 up trendline
1129 to 1125
1100 to 1095
Dow: Closed at 10,300.25
Resistance:
The 200 day SMA at 10,385
10,400, the bottom of the November/December range
The 50 day SMA at 10,453
The April high at 10,557
Price consolidation at 10,600
10,754 is the February high
Support:
The 18 day EMA at 10,290
The recent April highs at 10,264
Some price consolidation at 10,250
10,065 from March 2004 lows.
10,000 the recent lows.
9988 from September 2004.
9933 to 9900 |
