Support

Support refers to a price level at which falling prices stop falling and either move sideways or reverse direction. Support indicates where buying interest is strong enough to overcome selling pressure forcing prices upward. It is the level below which prices "resist" falling.

Many analysts believe when a market is falling towards its support level it is "testing its support," meaning that it could rebound after it hits the support level. If the market penetrates through the support level, it is considered an extremely bearish.