Technical Analysis

US shares lengthen good points forward of the Fed (extra earnings)

S&P up 1% now

The US shares are working to new session highs forward of the FOMC at 2 PM and extra earnings with Microsoft and Fb after the shut.

The S&P is now up at 2666.28The Nasdaq is up 86 factors or 1.23% at 7114.57The Dow is up 375 factors or 1.53% at 24957
All are at highs for the day

For the Nasdaq, the 7161 stays a key degree to get and keep above . That’s the 50% of the transfer down from the tip of August excessive.

The Nasdaq has to get and stay above the 50% retrracement level.

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