US stocks battle back to unchanged on the day

Technical Analysis

Author: Greg Michalowski | sp

Major indices just above or below the unchanged level.

After opening lower, the Maj. US indices have recovered and trade near unchanged levels.
  • The S&P index is down about -3 points after being down as much as -22 points
  • The Nasdaq is down -2.5 points after being down about -80 points
  • The Dow is down -11 points at 23867. The low reached 23703 (down about -175 points at the lows)
The USDJPY is trading back near session highs although price action is up and down today. The pair is testing the 38.2% of the move down from yesterday's fall (moving above the level now at 108.235. The 100 hour MA remains above at 108.468.

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