Thursday , 21 November 2024
Home Forex New lows for the broader indices
Forex

New lows for the broader indices

The broader indices are trading to new session lows:

  • S&P index is down -93 points or -1.60% at 5720.40
  • NASDAQ index is down -473 points or -2.55% at 18132.97.

Looking at the NASDAQ index, it is trading above and below key support near 18146.61. The price is just below the level now and if the momentum can continue, the next target would be at the 38.2% retracement of the move up from the September low at 17976.83.

For the S&P index, the next target comes at the 38.2% retracement of the move up from the September low at 5697.40. A swing area comes in below that between 5669.67 and 5688.43.

Stop filter

This article was written by Greg Michalowski at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Australian economy – household income has collapsed back to 2009 levels

This is via Roger Wilkins, an economist at The University of Melbourne.A...

ICYMI – SEC Chair Gensler to Depart Agency on January 20

The US Securities and Exchange Commission announced on Thursday that its Chair,...

Deutsche Bank: EUR/USD could fall below parity, potentially reaching 0.95 or even lower.

A note from Deutsche Bank analysts see them warning that a full-force...

Australia preliminary manufacturing PMI November 49.4 (October was 47.3)

Australia Judo Bank / S&P Global data. Mixed bag, up for manufacturing...