The broader US indices are trading to new at session highs. For the S&P index it just reached a new high of 5569.19. That is just 2-3 points short of the 100-hour moving average at 5571.79.. Getting and staying above that moving average would tilt the technical bias more to the upside.Meanwhile, the Nasdaq index is up 306 points or 1.73% at 18032.48. It is back above its 200-hour moving average at 17934.17 but still remains below its 100 hour moving average at 18212.01. This article was written by Greg Michalowski at www.forexlive.com.
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