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US stocks trade to new session lows. S&P & NASDAQ down 4% from its highs from last week

US stocks trade to new session lows. S&P & NASDAQ down 4% from its highs from last week

The S&P index is down for the fourth consecutive day. The index is currently down around -64.85 points or -1.62% to 3933.83. The index is approaching the 100 day moving average at 3929.09.

The price of the S&P broke above the 100 day moving average back on November 10, retested the moving average on November 17 and sniffed the moving average last week before bouncing to the highest level since September 12 on December 1.

A move back below the 100 day moving average would be more... Read More

Posted: Dec 6 2022, 18:15
Author Name: forexlive
Views: 110778

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