Technical Analysis

One other ugly day for US equities, however might have been worse

Nasdaq closes mid-range however rally larger fails too

The US main indices are ending the session with extra important losses. Furthermore, the S&P and Dow indices are actually unfavourable on the 12 months. The Nasdaq is simply above it is EOY closing stage – however simply barely. 

Above is a graphical take a look at the purpose and share adjustments for the foremost European and North American indices.  

Though the numbers are unhealthy for the US indices, it might have been worse. The Nasdaq moved down about 2.75% on the lows however is ending the session down ONLY 1.7%.  The Dow was the large loser with a % decline of -2.21%.  It was down about -2.6% on the lows. 

The S&P and Dow are closing beneath their 2017 finish of 12 months closing ranges. The Nasdaq is simply above its EOY shut

S&P index closed 2017 at 2,673.61. The shut right now is 2641.89
Nasdaq index closed 2017 at 6,903. The shut right now got here in at 6908.82
Dow closed 2017 at 24,719.22. It closed right now at 24,465.66


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