Technical Analysis

Another big move in the last hour of trading The major indices are closing lower on the day after the late day rally fizzled out. Starting the last hour of trading, the major indices were trading at: S&P index 2584.95, down -45.12 points or -1.72% NASDAQ index 7648.96, down -148.57 points or -1.91% Dow 22046.95, down -505.18 points or -2.24% The closing levels are lower
German DAX, +3.0% France’s CAC, +4.3%, UK FTSE +0.1% The European shares are closing the session higher, with the UK FTSE lagging: German DAX, +3.0% France’s CAC, +4.3% UK’s FTSE 100, +0.1% Spain’s Ibex, +0.9% Italy’s FTSE MIB, +1.4%  After a few days of rising yields, the trajectory of rates push back to the downside