Technical Analysis

Nasdaq leads the way The major indices closed higher across the board with the NASDAQ ending up leading the way.  The S&P and NASDAQ have now posted 3 days of higher closes.  All 11 sectors of the S&P closed higher.  The energy and financials led the rally today.   The Dow post the best day cents September 9 The final numbers are showing:
Price cracks end of June low earlier low at 1.16712 The EURUSD has cracked back below the 38.2% retracement of the move up from the end of June will low at 1.16884, and also below a swing area between 1.1691 and 1.1698 (see earlier post).   The pair has moved to a new session low of 1.1663 and trades to the lowest level
Major indices reaching for new highs  NASDAQ index up 161 points at 10941.29. The high price just reached 10946.41. The 50 hour moving average is currently at 10943.01. S&P index up 31.26 points or 0.95% to 3312.53. It’s high price just reached 3314.42.  Dow industrial average is now up 134 points or 0.49% at 27280.
Key level for buyers and sellers The GBPUSD is retesting its 100 and 200 day moving averages at 1.2720 area. The 2 moving averages in your converged near that level.  The earlier break below today reached 1.2711 before balancing higher. BOE’s Bailey look to walk back the idea of negative rates and the price bounce back hard (to the tune of about