With all the earnings driving the markets this week and with some big names on deck that have the potential to move the tape dramatically, please make sure you are watching the major indexes for breaks of support/resistance.
Nasdaq 100 (NDX)
First support is at 1807.09. First resistance is now at 1836.
For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $44.46. First resistance is at $45.11.
S&P 500 (SPX)
First support is now at 1071.10. First resistance is at 1082.60.
For the Standard & Poor’s Depository Receipts (SPY) first support is at $107.10. First resistance is at $108.32.
Russell 2000 (RUT)
First support is now at 623.71. First resistance is now at 635.96.
For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $62.37. First resistance is at $63.22.
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