Technical Analysis

S&P looking toward a test of the 100 day MA

The S&P price moved above the 200 day MA earlier and looks toward the 100 day MA now

The S&P index trades at session highs at 2796.75 and in the process is moving closer to the a test of the 100 day MA at 2801 level.  Earlier today, the price extended above its 200 day MA at 2774.91.  That is now a support level after trading below the key MA for 2 trading days.


For the Nasdaq index, is is up 170 points and near the highs at 7507.96 (trades at 7503). It still remains below its 200 day MA at 7519.838.  The 100 hour MA (blue line in the chart below is at 7618.14 currently. 
The Nasdaq index

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