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Ding. Ding. Ding. Stocks close lower as debt ceiling talks stall.

The major US stock indices are ending the day lower. The excuse will be the debt ceiling talks stalling (for now), but if there was a lot of worry, the stock market would be down much more. Technically, however, the S&P index could not close above the 4200 natural level (it is closing at 4191.99), nor could the price of the S&P close above its 100-week moving average at 4201.1. Close but no cigar. That could be problematic from a technical perspective. It will take a move above the 100-week mo... Read More

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Content Topics

Ding

Stocks

Close

Lower

Debt

Ceiling

Talks

Stall

Forex

Posted: May 19 2023, 20:14

Author Name: forexlive

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