Technical Analysis


The major US indices are closing lower on the day as end of day selling pushes the indices toward their session lows.

The declines are being led by the Dow 30 which fell around -0.70%. The Nasdaq was trading marginally higher going into the close, but end of day selling pushed the index into negative territory. The S&P index closed between those extremes

For the trading month, the Dow led the declines. Today, the low for the month was reached at 32636.43 before rising modestly into the close. The Dow is now negative on the year (closed the year 33147.26). It also closed the month below it’s 100 day moving average at 32995.20

The Dow is closing below close from last year and 100D MA

The S&P index closed 2021 at 3839.49.

S&P index closes lower in the month by 1.2%



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