S&P turns negative. NASDAQ trade back toward the lows

Technical Analysis

Fed speak is starting to weigh a bit

The S&P has turned back negative on the day after moving within one point of its all-time record at the day’s high. The high price reached 4717.75. The all-time high is at 4718.50. The current price is trading at 4698.14, down -6.29 points or -0.13%.

For the NASDAQ index it did reach an all-time high today of 16121.12. At the high, the index was up 127.30 points or 0.80%.  

THe Nasdaq is currently trading at 16046.90, +54 points or 0.34%. The NASDAQ index has not traded negative on the day. It’s low change was at +23.4 points or +0.15%.  However, the price has now moved below the old high from October 5 at 16053.39. That level will be eyed for intraday clues now. 

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