NASDAQ breaks key moving averages, bullish trend in place ...Middle East

The NASDAQ index is currently up 630.2 or 3.5% at 18557.63 above both those moving averages

Summary:

Bullish bias now in place with buyers in control above the moving averages.

The S&P index has also broken above its key 200-day moving average at 5750.18 and it's 100 day moving average at 5773.64. The current price trades at 5811.31 up 151.42 points or 2.67%. There is a swing area between 5782.02 and 5878.47 which if broken would take the price into the upper all-time extreme that peaked at 6147.43.

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

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