U.S. Markets closed

Index levels stuck in holding pattern

Bryan McCormick (bryan.mccormick@optionmonster.com)

The indexes ended essentially flat yesterday, with the Nasdaq 100 and the Russell 2000 underperforming.

Levels are once again largely unchanged, with the exception of updates to moving averages. We may see flat trading until the European Union summit is out of the way tomorrow.

Nasdaq 100 (NDX)

Support is at 2322.60, then at 2291.55, its 200-day moving average, and thereafter at 2290.74, its 50-day moving average. Resistance is at 2337.70, a pivot high from September, then at 2359.16, an April pivot high, and thereafter at 2378.10.

S&P 500 (SPX)

Support is at 1249.05, 1233.10, and 1220.25. Initial resistance is at 1264, its 200-day moving average, then at 1280.91, and 1287.08 thereafter.

Russell 2000 (RUT)

Support is at 730.67, 723.37, 716.25, and 711.21. Resistance is at 747.76, 756.76, and 769.46.

More From optionMONSTER