Support and Resistance:
NASDAQ: Closed at 2071.24
Resistance:
2100 is a key resistance point.
2151, the early December closing high.
2163, the mid-December closing high.
Support:
2051 from February, March price points is still trying to hold.
The 10 day EMA at 2035
Early April high at 2021, February lows at 2023.
The April high at 2022 is key.
The 200 day SMA at 2004
The 50 day EMA at 1999
1974, the low in the March/April consolidation
Late 2003 highs from 1960 to 1970
1962 is the recent lower high in April.
1950 (top of October to December 2003 consolidation)
S&P 500: Closed at 1197.62
Resistance:
1196, the mid-January high and the early December peak in the left shoulder is starting to give.
Price resistance at 1200
The March 2003 up trendline at 1208.50
December high at 1217.
Support:
The April high at 1192.
The 10 day EMA at 1186
The early May high at 1178.
1175 second high in that double top that spanned late 2001 and early 2002
The 18 day EMA at 1180
The 50 day EMA at 1176
1164 is the January/March neckline to the head and shoulders pattern.
The 200 day SMA at 1163
1142 is the August 2003/August 2004 up trendline
1137 the recent April low.
Dow: Closed at 10,537.60
Resistance:
The April high at 10,557
Price consolidation at 10,600
10,754 is the February high
10,868 is the December 2005 high.
10,985 is the March high
Support:
The 10 day EMA at 10,441
The May high at 10,406
The 200 day SMA at 10,405
10,400, the bottom of the November/December range
The 50 day SMA at 10,399
The 18 day EMA at 10,392
The recent April highs at 10,264
10,065 from March 2004 lows.
10,000 the recent lows.
9988 from September 2004.
9933 to 9900 |
