The US broader stock indices stretch to new highs ...Middle East

The S&P index fell -1.46% yesterday. It is currently up 47.06 points or 0.78% in trading today.The NASDAQ index tumble by -3.07% yesterday. It is currently up 333 points or 1.72%.

So although the gains are less than the declines seen yesterday, it still is an impressive rebound.

For the NASDAQ index, it gapped below the 200 and 100-hour moving averages yesterday, but is now rebounding back above those moving averages. The 100-hour moving average is at 19547.90. The 200-hour moving average is at 19641.22. The current prices trading at 19681.90. If the price can stay above those moving averages, it would keep the buyers in play/control at least in the short term (and disappoint the sellers)

This article was written by Greg Michalowski at www.forexlive.com.

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