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Mixed indexes show chart consolidation

Evan McDaniel (evan.mcdaniel@optionmonster.com)

U.S. indexes closed mixed Friday as the S&P 500's consolidation over the 1400 level proved to be the theme of the day.

The SPX gained 0.11 percent to close at 1404.17 after hitting a new 2012 of high of 1405.88 intraday.

The Nasdaq 100 and the Russell 2000 closed slightly lower. The relative weakness in the NDX and RUT shows consolidation around key support levels as March options expired Friday.

The NDX slipped 0.07 percent to settle at 2712.78, but resistance remains unchanged at Thursday's high of 2720.49.

The RUT fell 0.15 percent to finish Friday at 830.18. It did hit an intraday high of the week at  832.78 right after the open, not far from the 2012 high of 833.02.

S&P 500

Resistance is now 1405.88 (Thursday's high), followed by 1408 and 1410.

Support is now 1400, followed by 1398.25 and then 1390.

Nasdaq 100

Resistance remains at 2720.49 (Thursday's high), followed by 2725 and 2730.

Support is now 2706.82, followed by 2702 and then 2701.65 (Thursday's low).

Russell 2000  

Resistance is now 832.78 (Friday's high), followed by 833.02 and then 835.

Support is now 827.67, followed by 825 and then 821.54.

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