Stocks starting to move lower again

Technical Analysis

Nasdaq down -28 points now 

The major US stock indices are taking on more downside pressure again. Looking at the Nasdaq composite index, the correction off the low stalled near the day’s midpoint on 3 separate tests.  That is a nice ceiling at a good level to stall for sellers.  

They are taking the bait and forcing the index back to the downside. 

The S&P is down about 7 points now at 2406. The low for the day came in at 2403.59.  

Let’s block ads! (Why?)

Forexlive RSS Breaking technicalanalysis feed

Leave a Reply

Your email address will not be published. Required fields are marked *