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A technical look at the Nasdaq index

Discussion in 'Technical Analysis' started by ForexLive, Aug 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Up 0.20% on the day... The US stock indices are higher in trading today. The Nasdaq is leading with a gain of 0.20%. Technically, the pair trades above the 50 hour MA (currently at 4803.07 - see chart above). Looking back in time the index tends to lean against the MA line - defining risk/limiting risk in the process. Staying above will keep the bulls in charge today.

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