The Nasdaq has immediate intraday resistance at 1913-1925. The index has considerable resistance at 1942-1985.83 with the first focus of resistance at 1942-1966 -- and that is still the likely spot for a leg higher to run into problems. Actually, prints above 1930 are probably going to be used as exit points by position traders.
There is a very thick layer of resistance at 1966-1986 and then stacked right on top of the 1986 there is resistance 1977-2018 which makes the 1977-1986 level a focus of resistance.
The S&P 500 index finished Wednesday's session testing its immediate intraday resistance which is at 1110-1118. The index' next layer of resistance is at 1126-1139.50.
The index has well defined intermediate term support in the 1111-1052 area. There is a focus of support inside this region which prevented prices from falling on Tuesday, that level is at 1094-1080. Tuesday's swing low was 1081.66. Cherney is market analyst for Standard & Poor's