No Clear Signals

The Nasdaq is testing a focus of support in the 1654-1570 area

By Paul Cherney

I have nothing offering me anything definitive about the makets. (Translation: I really have absolutely no idea what is going to happen.)

The Nasdaq is testing a focus of support in the 1654-1570 area. Technical suppport runs all the way down to 1461. Immediate Nasdaq resistance is 1696-1734 with a focus 1717-1729. Major resistance is 1770-1930.

Immediate S&P 500 resistance is 1120.98-1131.55 with a focus 1123-1127. Major S&P 500 resistance is 1136-1190.

Immediate support for the S&P 500 is 1100-1081.19 (the low print from 3/22/01). The next layer of substantial support below 1081 is 1066-960.

Cherney is Market Analyst for Standard & Poor's

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