The major US stock indices are moving back to the upside with the NASDAQ index back near up 2.0%. The Dow and S&P are also well off session lows.
Are markets applauding the more hawkish of Fed?
A snapshot of the market currently shows:
Looking at the NASDAQ index, the price move back below its 100 hour moving average at 13244.00. A move back above that level would be more positive technically. Stay below is more bearish.
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