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S&P and NASDAQ trade above their 50 day moving average

The weaker data has traders thinking the Fed might be on hold going forward. Yields are lower. Stocks are higher.Both the S&P index and the NASDAQ index have ventured above their 50 day moving averages. The 50 day moving average on the S&P is at 4460.85. The price is currently trading at 4466.27 up 32 points or 0.72%The 50 day moving average on the NASDAQ index is at 13815.65. It is currently trading at 13871.73Staying above the moving averages increases the bullish bias, and puts the buyers mor... Read More

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Nasdaq

Trade

Above

Their

Moving

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Forex

Posted: Aug 29 2023, 14:45

Author Name: forexlive

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