Nasdaq erases declines. Trades higher on the day

Mar 1, 2022
Nasdaq erases declines. Trades higher on the day

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Nasdaq

Nasdaq is shifting nearer to its 100 hour MA

The  Nasdaq  index is buying and selling again within the black after buying and selling as little as -134.92 factors or -0.99%. A brand new excessive worth has simply been reached at 13777.66. That’s up round 83 factors or 0.60%

Trying on the hourly chart above, the value is approaching its 100 hour MA at 13831.16. The 200 hour MA is at 13927.01. Recall from the final two weeks, the highs have discovered sellers forward of the 200 hour MA (inexperienced line). A transfer above it will improve the bullish bias.

In the meantime, the S&P and Dow stay down on the day however properly off their intraday lows.

  • The Dow is down -148 factors or -0.44% at 33911
  • S&P is down -4 factors or -0.09% at 4380.

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