S&P moving toward 50 day MA
The US stocks are open and the major indices have modest gains.
The snapshot now shows:
- The S&P index is up 7.05 points or 0.27% at 2617.35
- The NASDAQ index is up 25.607 points or 0.36% at 7049.44
- The Dow is up 79.56 points or 0.33% to 4145.15
For the S&P index, the index is moving closer to the 50 day MA at 2628.58. The 50% retracement of the move down from the all-time record high comes in at 2643.75. Key targets for the market.
PS. the Nasdaq moved above the 50 day MA at 6989.643 (now risk) yesterday and is extending higher today. The 50% of the move down comes in at 7161.73.
