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US equities sink to new session lows: Has the line held?

US equities sink to new session lows: Has the line held?

The S&P 500 cracked the 200-day moving average and the 4000 level but never really got above the longer-term downtrending line. Could it be as simple as that?

The early-year rally is fading in a big way today with the S&P 500 down 1.7%. The Nasdaq is faring even worse with tech down 2.4%, including nearly 4% drops in Google and Amazon.

This article was written by Adam Button at www.forexlive.com... Read More
Posted: Jan 25 2023, 15:43
Author Name: forexlive
Views: 111480

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