The major US stock indice are closing near highs for the day as the selling from Friday are nearly reversed.
A snapshot of the closing levels is showing:
For the NASDAQ index, it closed last Thursday at 21078.67. The high price today reached 21055.24, just short of the closing level.
The good news technically, is that the Nasdaq is closing back above its 100-hour MA which is positive for the close. Stay above tomorrow will give the buyers more confidence potential for one back toward the all-time high price seen last week.
For the S&P index, it closed on Thursday at 6339.39. It's high price today reached 6330.69 also just short of the closing level from Thursday's trade.
Versus its 100 hour moving average, the S&P index closed just short of it by less than $0.40 (see blue line on the chart below). Tomorrow will be key for the index. Does it push back above the 100 hour moving average, or move back to the downside after the test today?
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about us stocks close near session highs nasdaq back above 100 hour ma was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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