S&P and Dow erase gains for the year

Technical Analysis

Author: Greg Michalowski | sp

Uh-oh...

The S&P index and Dow has moved back to unchanged on the year.   

For the S&P the index closed at 2673.61. The low just reached 2673.58



For the Dow, the index closed at 24719.22. The low just reached 24713.19.  


Both indices are seeing a little bounce as traders stick a toe in the water. 

The Nasdaq closed 2017 at 6903.39. The index currently trades at 7161.55.  We are current 258 points from that B/E level. However, with the index down -275 points currently, we are really not that far away. 



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