NASDAQ index trades to a new session high

Technical Analysis

Author: Greg Michalowski | nasdaq

Up 1.68% on the day

the NASDAQ index is trading to a new session high. The price just reached 13291.25, up about 1.68% on the day.  

Looking at the hourly chart of the NASDAQ index, the price is approaching its 100 hour moving average at 13306.92. The 50 hour moving averages a little higher at 13361.22. Those moving averages may give the buyers some cause for pause and sellers an opportunity to lean against a resistance level.  Be aware.

NASDAQ index on the hourly chart

The S&P index and Dow are lagging behind although the S&P index is making new session highs as well.

  • S&P index up 41 points or 1.12% at 3755.72
  • Dow up 180 points or 0.60% at 30167.
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