Broad US indices trade to new session lows

Technical Analysis

Author: Greg Michalowski | just-the

Still up but giving up most of the gains

Earlier, Pres Trump tweeted: 

Still up but giving up most of the gains
Way to jinx the market.

The broader indices are trading at new session lows. They still are up on the day, but the strong gans are more modest.

The numbers are currently showing:
  • S&P index +6 points or 0.21% at 2892.60. The high reached 2910.61.   The low reached 2890.64
  • NASDAQ index of 15.4 points or 0.20% at 7839. The high reached 7909.99. The low reached 7834.49
  • The Dow is up 56 points or 0.21% at 26118. It's high reach 26248.67
The USDJPY has drifted lower on the drift lower in the stocks.

USDJPY moves lower on stock drift lower
The pair moved back below the broken 38.2% ant 108.61. It currently trades at 108.538. The 200 hour moving average comes in at 108.459 currently. That MA and the 100 hour MA at 108.396 will be important barometers for the bulls/bears going forward. Stay above is more bullish. Move below would be more bearish.  
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