The following is Technical Analysis for the S&P 500 for 1/26/09Nasdaq Support & Resistance Levels - January 26, 2009
Resistance Levels: 850, 900, 944
Support Levels: 804, 800, 741
http://stockcharts.com - Chart
The S&P 500 has held the 800 level and appears to have formed a bottom around 804.30. If 800 is broken at any time, I am expecting the low of 741.02 to be tested. Resistance is currently at 850 and if we close above this level, I am expecting the S&P 500 to retest 900.
A close above 944 is what you want to see if you are long this market as this would be a positive sign and a continuation of December's uptrend. For More Technical Analysis - Go Here
A close above 944 is what you want to see if you are long this market as this would be a positive sign and a continuation of December's uptrend. For More Technical Analysis - Go Here
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