Technical Analysis

Main US indices shut larger however dip into the shut

NASDAQ index closes above its 200 day transferring common for the 2nd consecutive day

After taking Monday off in observance of the Presidents’ Day vacation, the US main indices discovering with modest features. Sellers close to the shut push the worth is decrease and off larger ranges.

The ultimate numbers are exhibiting:

S&P index +four.16 factors or zero.15% at 2779.76NASDAQ composite index of 14.356 factors or zero.19% at 7486.76Dow industrial common of eight.07 factors or zero.03% at 25891.32

The NASDAQ composite index is closing above its 200 day transferring common for the 2nd consecutive day. Then transferring common is available in at 7467.64 versus the shut worth of 7486.76. Staying above that 200 day transferring common would preserve the Bulls/patrons in management.

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