The major US stock indices are trading to new session highs with the NASDAQ index leading the way with a gain of 1.5%:
- Dow industrial average up 300 points or 0.90% at 33637.34
- S&P up 49.28 points or 1.17% at 4256.50
- NASDAQ index up 188.46 points or 1.48% at 12969
- Russell 2000 up 31.11 points or 1.58% the 2006.37
The intraday high from yesterday’s trade in the NASDAQ index reached 13026.24. The high price today has reached 12974.60 so far. A move above that high would have traders targeting 13086 – 13199 area (swing area). Above that the 50% retracement of the move down from the November 2021 high cuts across at 13388.68. It’s 200 day moving average is up at 13509.17.
Nasdaq looks toward the high from yesterday
This article was originally published by Forexlive.com. Read the original article here.