Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

US major indices snap 4-day losing streak with solid gains

A.R Chowdhury by A.R Chowdhury
March 9, 2022
Reading Time: 2 mins read
0
US major indices snap 4-day losing streak with solid gains

The US major indices snapped a 4-day losing streak that saw high to low declines for the major indices over those days showing:

  • Nasdaq -8.44%
  • S&P, -5.86%
  • Dow, -4.68%
  • Russell 2000, 5.54% hundred

Today, the major indices did a good job of erasing some of those declines. The final numbers are showing:

  • Nasdaq index closed up 460 points or 3.6% at 13,255.56
  • S&P index rose 107.18 points or 2.57% of 4277.87
  • Dow industrial average rose to 653.6 points or 2.0% at the 33286.24
  • Russell 2000 rose 53.27 points or 2.71% to 2016.29

Technically, looking at the Nasdaq index, the pairs low yesterday was able to stay above the cycle intraday low at 12587.88 (the low yesterday reached 12674.75). However, the price remains below the 100 hour MA at 13425 and the 200 hour MA at 13742.77. The last two tests of the 200 hour MA stalled the rallies. As a result, technically that MA remains a key target to get to and through if the pair is move higher.

Nasdaq

Nasdaq remains below 100/200 hour MAs

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

For the S&P index, like the Nasdaq the last rally also found willing sellers at the 200 hour MA. Also like the Nasdaq, the price remains below the 100 hour MA (currently at 4315.57). If the buyers are to start winning more, getting above the 100 and 200 hour MAs at 4315.57 adn 4399.65 (and moving lower for both), is needed to increase the bullish bias technically.

S&P

S&P remains below the 100 and 200 hour moving averages
ADVERTISEMENT – CONTINUE READING BELOW

Source link

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
EURUSD runs above 200 hour MA for the first time since February 23

EURUSD runs above 200 hour MA for the first time since February 23

USDCHF falls to a new session low.

USDCHF falls to a new session low.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

EUR/USD continues to keep above 1.1200 for now but the pressure is building

June 19, 2020
USDCHF falls to a new session low.

USDCHF falls to a new session low.

March 9, 2022

EURUSD falls after the surprise nonfarm payroll report

June 6, 2020

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • What is CFD trading?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.