Nasdaq looks to close above its 200 day MA for the 2nd consecutive day

The US stock indices are trading at the highs for the day. The major indices opened lower but has seen a recover in the session.

Nasdaq looks to close above its 200 day MA for the 2nd consecutive day

For the Nasdaq, the index closed above its 200 day MA on Friday, but just barely (7472 close vs 200 day MA at 7465. Today, the price dipped back below that MA (at 7467.64 today). The low reached 7450.27. However, the run higher has not taken the price to a new high at 7407.77 (trading at highs now). There is some room between the key MA and the price.

For the S&P index, the 200 day MA is at 2745.63. The price is currently up 11.39 points at 2786.90.