Market Indices Hold and Bounce Off Their 50 DMA’s

By | March 27, 2017

The S&P 500 Index, the DJIA, and the NASDAQ Composite Index opened lower today touching their 50 day moving averages but have managed to recover nearly all of the gap. On the Russell 2000 Small-Cap Index, the intermediate term horizontal resistance in the 1345 area has contained repeated retests and continues to do so again, at this point in the trading day.

Follow-through action later this week is required before it is safe to say the markets are moving back on trend.

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