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Stocks continue to falter. S&P and Nasdaq trade to new week lows

Stocks continue to falter. S&P and Nasdaq trade to new week lows

The US stock indices are moving to new session lows and also new week lows.

The S&P index has moved to a low of 4085.31. That took out the low from Tuesday's trade at 4088.39. The price is also moved back below the 4100 level which was home to swing highs on December 1 and again on December 13 (give or take a point). For the week, the index is now down -1.14%.

Looking at the hourly chart below, the price is also approaching its 100 hour moving average of 4075.25. A break below th... Read More

Posted: Feb 9 2023, 20:15
Author Name: forexlive
Views: 110844

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