Move higher is erased in up and down session
The Nasdaq has given up its gain in what is an up down session in the first few hours. The index traded to a low of 7640.91 in the first hour of trading, and moved to a high of 7689.159. The price just moved to a low 7640.47. We area currently at 7647 as I type. A lap has been completed.
The 100 hour MA is at 7652.40. That will now be eyed for bias clues.
For the S&P, the first hour's low came in at 2808. The new low just reached 2806.05. The high reached 2819.71.
