S&P and Nasdaq up 0.5% on the day now
The US stocks are hitting a new session high.
- S&P index is up 15.30 points or 0.53%
- Nasdaq is up 42 ponite or 0.53%
- Dow is up 109 points or 0.41%
Looking at the hourly chart of the Nasdaw the low this week Tuesday, stalled just above the 100 hour MA (blue line in the chart below). The high for the week was on Monday at 8047.56. The current price is at 8008.
The S&P also stalled ahead of it’s 100 hour MA this week. It will take a move below that MA to weaken the technical picture (today/next week).