Technical Analysis

Shares fall to new lows. USDJPY nonetheless off lows

Williams feedback appear somewhat extra regarding

The most important US inventory indices are sliding to new session lows  (and yields are transferring decrease too).  Evidently the Q&A from Williams appear somewhat extra regarding about development. Williams is the NY Fed head and has a everlasting spot on the FOMC voting board.

The Nasdaq is down -Zero.82% at 7514.43. The worth is testing /transferring beneath its 100 hour MA at 7516.43 at present.  The S&P is already beneath its 100 hour MA at 2782.66. The at present worth is at 2771.12.  

For the USDJPY, the worth has simply began to maneuver decrease, however stays above it is low at 111.61. That low took out the latest swing lows at 111.633 however solely by a couple of pips (disappointing there).  A transfer again beneath that degree ought to solicit extra promoting. The present worth is at 111.70.

The Nasdaq is testing/breaking below the 100 hour MA


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