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SMF Blogs > Technical Analysis > September 2008 > Market View: Indices hovering near supports zones

Market View: Indices hovering near supports zones

Noted support for the Nasdaq Comp at 2130/2120 (session low 2122), 10680/10665 Dow (session low 10660) in The Technical Take and the 1164/1163 area for the S&P in the 11:34 update (session low 1163). We have seen the steady breakdown today pause as we head into midday but it takes sustained follow through above 2138/2140 and 2150/2155 Nasdaq, 1177/1178, 1184 S&P and 10780/10790, 10825/10835 Dow to begin to improve the very short term pattern.

Posted: 9/17/2008 12:49:29 PM by StockMarketFunding | with 0 comments


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