Major indices at session highs
The US stocks are making new session highs with the Nasdaq up 2% on the day. The S&P is up 1.55%. The Dow is up 1.48%.
Looking at the Nasdaq on the hourly chart, the index for the tech heavy index has moved back above the 100 hour MA and the 50 hour MA at 7119.22 an 7160.40 resepectively. The 200 hour MA comes in at 7213.21 and is another key target for the bulls. The price correction on Friday stalled ahead of that MA level.