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US indices closed lower on the day. S&P index stays above the 4100 level.

US indices closed lower on the day. S&P index stays above the 4100 level.

The major US indices are closing lower on the day. However, there is some sunshine technically as the S&P index is closing above the 4100 level.

Recall that the 4100 level was the swing highs from December on two separate occasions. Stay above is more bullish. Move below would tilt the short term bias back to the downside. So closing above it today keeps the buyers in play, and more in control.

A look at the final numbers are showing:

Posted: Feb 6 2023, 21:13
Author Name: forexlive
Views: 111854

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