Support and Resistance:
NASDAQ: Closed at 1994.43
Resistance:
In the March/April consolidation with the low at 1974 and high at 2021.
The 200 day SMA at 1995
Early April high at 2021, February lows at 2023.
2100 is a key resistance point.
Support:
The 50 day EMA at 1981
Late 2003 highs from 1960 to 1970
1962 is the recent lower high in April.
The 18 day EMA at 1962
1950 (top of October to December 2003 consolidation)
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 1165.69
Resistance:
The 18 day EMA at 1164.52 was cracked Monday.
1164 is the January/March neckline to the head and shoulders pattern is being tested now.
The 50 day EMA at 1172
1175 second high in that double top that spanned late 2001 and early 2002
The 50 day SMA at 1174.51
The April high at 1192.
1196, the mid-January high and the early December peak in the left shoulder.
Price resistance at 1200 and the March 2003 up trendline at 1200.50
December high at 1217.
Support:
The 200 day SMA at 1159
1140.50 is the August 2003/August 2004 up trendline
1137 the recent April low.
1129 to 1125
1100 to 1095
Dow: Closed at 10,252.29
Resistance:
The recent April highs at 10,264
The 18 day EMA at 10,264
The 200 day SMA at 10,386
10,400, the bottom of the November/December range
The 50 day SMA at 10,413
The April high at 10,557
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 |
