Satoshi Nakamoto Blog
Image default

The S&P falls below 100 hour MA

Nasdaq is testing the MA level

The S&P index has cracked below its 100 hour MA at the 2978.96.  The low reached to 2973.09. We currently trade at 2974.77.

For the NASDAQ index, it too is selling off and trades near its low for the day at 8135.125. It’s 100 hour moving out is currently comes in at 8136.88. So the price did dip below the level.  However we currently trade above that level at 8140 after failing on the first break.  A move back below its 100 hour moving average will be needed to solicit more technical selling.  

NASDAQ composite index and S&P index testing 100 hour moving average

Source link

Related posts

JTC makes senior appointment to funds services team


Arizona man rescued from quicksand at Zion National Park spent two days in frigid conditions


Yes, miscreants leafed through some Hotmail, MSN, Outlook inboxes after support rep pwned • The Register


The Fall of a Wall Street Darling


Next-Gen School Safety and Security: Using the Power of Technology to Protect Students


71% of medical devices still run on Windows 7, Windows 2008, and Windows mobile