So, the gains early today are not indicative of much. Nvidia had a poor showing, alongside the Magnificent Seven, in trading yesterday falling over 8%. As such, the tentative bounce of around 1% in pre-market now is not all too convincing.
However, perhaps the more pressing concern is the break of key technical levels this week. The S&P 500 has dropped below its 100-day moving average (red line) while the Nasdaq has not only broken that but is now eyeing a potential test of its 200-day moving average (blue line).
here. And those risks still hold true as we look towards the weekend, where the gains thus far today are masking the shaky underlying sentiment in the market this week.
This article was written by Justin Low at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( US futures hold up but we've seen this story before )
Also on site :