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US stocks come off early highs. Await Fed. Oil prices lower

Discussion in 'Market News' started by ForexLive, Dec 16, 2015.

  1. ForexLive

    ForexLive Forum Member

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    S&P tested MA resistance and thought better of it before FOMC The S&P index and other indices opened higher. The S&P was up about 16 points at the highs at 2059.88. That came very close to the 50 day MA at 2060.15 and not too far away from the 200 day MA at 2062.21. Yesterday, the price moved back above the 100 day MA (at 2029.34 today). On Monday, the index stalled right above the 50% retracement.

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