Still off intraday highs
the NASDAQ composite index has moved back above the 10,000 level. Currently trades at 10,005. That is up 131 points or 1.33%. The high for the day extended to 10,020.96 earlier in the session. The low reached $9863.66.
The S&P index is also moving back higher but off the intraday high levels. It currently trades at 3081. Up 27.71 points or 0.91%. The high price reached 3084.65. The S&P index is getting closer to its 100 hour moving average at 3083.30. It is above its 200 hour moving average at 3078.63 and 50 hour moving average at 3075.35. Getting above its 100 hour moving average would be more bullish from a technical perspective.