NASDAQ index trades near highs. Ping-pongs between hourly moving averages today ...Middle East

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NASDAQ index trades near highs. Ping-pongs between hourly moving averages today
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The NASDAQ index is trading near session highs as trades look to retest its 50-hour moving average currently at 18418.93. The price has reached 18413.38 so far. The index is probably up 125 points or 0.68%.Yesterday, the price fell below the 50-hour moving average (orange line) and the 100-hour moving average (blue line), but could not stretch toward the rising 200-hour moving average currently at 18139.00 (green line on the chart above).The gap higher today took the price above the 100-hour moving average at the open, and apart from a brief below that moving average midday, the price has remained in between the 50 and 100-hour moving average levels.Traders will look for the next shove/bias-

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