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S&P index retests its 100 week moving average and backs off. Nasdaq above 100 week MA.

The S&P index is trading up 45.11 points or 1.08% at 4196.40. Its high price reached 4202.92. That took the price back above its 100-week moving average at 4200.13. Last week, the price also moved above that moving average level, but closed just below it at 4191.99. The current price is right around the closing level from last week thanks to the gains in trading today.From a technical perspective, getting in closing above the 100-week moving average would be more positive. The price has not clos... Read More

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Content Topics

Index

Retests

Week

Moving

Average

Backs

Off

Nasdaq

Above

Forex

Posted: May 26 2023, 15:45

Author Name: forexlive

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