More selling US stocks. NASDAQ approaching a key technical area.
globalreutersApril 18, 20241 Mins read The US stocks are moving back toward session lows. The NASDAQ in that this really trading at 15615. The low price reached 15595.74. At current levels the price is down -0.43%.
As the price was lower, it is getting closer to a key technical support level defined by the 50% midpoint of the 2024 trading range. That level comes in at 15508.22. Close to that level is the rising 100-day moving average at 15478.89. The price has not been below its 100 day moving average since November 10, 2023.
That area should be a tough nut to crack on a test.
The S&P index is currently down -0.20%. For the training week
For the trading week, the NASDAQ index is on pace for its worst week since September 18, 2023. Is currently down -3.42%. The S&P index is down -2.19% which is its worst week since October 23, 2023.
The Dow is the best performer, but it is still lower -0.67% on the week
This article was written by Greg Michalowski at www.forexlive.com.
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