Markets

US stocks whipping around a bit. Crude oil back to unchanged.

S&P down is down 4.5. Nasdaq down 16. Off lows

The S&P is trading down about 4.5 points while the Nasdaq is down 16.

On Friday, the S&P index fell below the 100 day MA and the 38.2% retracement at the 2029.74 and 2021.21 level respectively. Today the high for the S&P reached 2021.94 - just at that broken 38.2% retracement level (see chart below). A move back above the 38.2% and the 100 day MA at 2029.75 will be needed to turn the tide back higher for the S&P Index.

WTI Crude oil prices have clawed their way back to unchanged on the day. It will be curious if this is a positive impact on the stock markets.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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