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S&P/Nasdaq indices can't keep momentum going below 200 hour MA today

The major US indices are all closing lower. For the S&P the index is down for the fourth consecutive day. For the NASDAQ, the index is down for the third consecutive day for the Dow industrial average it has fallen three of the last four trading days.

Both the broader S&P and Nasdaq indices traded below their 200 hour MAs today, but both indices could not sustain momentum below those MAs (and are closing above the MA levels).

For the Nasdaq, the 200 hour MA came in at 11012.2... Read More

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Posted: Dec 6 2022, 21:09

Author Name: forexlive

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