Index Charts Update

By | December 12, 2014

The major market indices closed on their lows, but on levels of technical support. The DJIA and the S&P 500 index settled just above their 50 day moving averages, while the NASDAQ Composite held at a minor November support level, and the Russell 2000 managed to close above the lower end of the horizontal channel it has been trading in since early November. The price action today, particularly in the final hour of trading was not encouraging, but if there is a positive takeaway, it’s that these levels did hold.
42. Indices chart

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