Indexes fall below major support levels
Bryan McCormick | [email protected]
For the Nasdaq 100, first support is at 2112.84, then at 2082.04, and 2034.92. First resistance is at 2139.58, then at 2151.18, and 2212.84.
In the case of the S&P 500, support is at 1121.09, then at 1114.52, and 1101.54, the year-to-date low. Resistance is at 1135.91, then at 1150.70, and 1162.01, its 10-day moving average.
The Russell 2000 has support at 634.71, at 624.52, which would be a fresh 52-week low, and then at 611.66. Resistance is at 665.74, its 10-day moving average, then at 701.55. The Russell tends to exhibit greater volatility, so we need to give it more latitude.