Broader stock indices diverge: NASDAQ slides below moving average while S&P tries to hold

I want That divergence creates a dilemma for equity traders. The fundamental backdrop of stronger growth and higher yields is weighing on stocks, but key technical support levels have not yet broken across the board. As a result, traders will continue to focus on the major moving averages as both risk-defining and bias-defining levels in the major indices. Whether those supports hold or give way should provide important clues for the direction of the market into the close and in the trading days ahead.. The video above outlines the traders dilemma and also the key levels in play for both the S&P and NASDAQ indices. This article was written by Greg Michalowski at investinglive.com.

Forexlive1d ago1 min readSingle source

Broader stock indices diverge: NASDAQ slides below moving average while S&P tries to hold — Image · Forexlive

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5-point summary · 1 min

The fundamental backdrop of stronger growth and higher yields is weighing on stocks, but key technical support levels have not yet broken across the board.
As a result, traders will continue to focus on the major moving averages as both risk-defining and bias-defining levels in the major indices.
Whether those supports hold or give way should provide important clues for the direction of the market into the close and in the trading days ahead..
The video above outlines the traders dilemma and also the key levels in play for both the S&P and NASDAQ indices.
This article was written by Greg Michalowski at investinglive.com.

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EUR/USD· Euro · US Dollar

$0123456789.01234567890123456789↓ 0123456789.01234567890123456789 (-0123456789.01234567890123456789%)

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24h$1.15 – $1.16

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