The Nasdaq is inside its intermediate term brick wall of resistance, which is 1934-2106. There is an intermediate term focus of resistance 2061-2106. Intraday charts show multiple resistance layers. In Tuesday's session the index was unable to move above the first layer of resistance, 2007-2037. (Tuesday's intraday high print was 2032.63.)
The Nasdaq has well defined support at 1965-1888 with a focus 1942-1913.
The S&P 500 has brickwall resistance at 1153-1206.
The S&P 500 has immediate (intraday) resistance at 1162-1173.62. The index has support in the 1142-1132 area. If the index prints below 1132, a quick, sharp dip in price could follow with prints in the 1124-1115 area, but I think that buyers would emerge to stem the bleeding if there were prints in the 1124-1115 area. Cherney is market analyst for Standard & Poor's