Technical Analysis

Nasdaq and S&P indices look to stay above MA support on the 4-hour charts

The broader S&P and Nasdaq are trying to stay above some MA support on their respective 4-hour chart today.

S&P stays above 200 bar MA on the 4-hour chart

For the S&P, it dipped below its 200 bar MA late yesterday. Today, the low at 3922.68, also fell below the MA at 3928.22, but the price is back above the level at 3945.28 currently.

For the Nasdaq index, the price fell to a low of 10088.82. It’s 100 bar moving out on four hour chart comes in at 10906.49. The current price is trading at 10994. That’s still down -20 points on their -0.18% but off its low levels. Stay above keeps the buyers and play. Last week, the price tested its 200 bar moving average on the top side, but could not sustain momentum above that key level.

The Nasdaq tested the 100 bar MA today and bounced

Articles You May Like

EUR/USD Resumes Uptrend on Hawkish ECB Comments
ForexLive Asia-Pacific FX news wrap: USD/JPY falls after Tokyo CPI rises
Oil rebounds as China demand recovery optimism supports prices
Inflow in gold ETFs drops 90 pc in 2022; asset base, investors account grow
The Most Accurate Supertrend Trading Strategy – 100% Profitable Strategy | NEW Supertrend strategy

Leave a Reply

Your email address will not be published. Required fields are marked *