New lows for the broader indices

The broader indices are buying and selling to new session lows:

• S&P index is down -93 factors or -1.60% at 5720.40
• NASDAQ index is down -473 factors or -2.55% at 18132.97.

Trying on the NASDAQ index, it’s buying and selling above and under key help close to 18146.61. The worth is just under the extent now and if the momentum can proceed, the subsequent goal could be on the 38.2% retracement of the transfer up from the September low at 17976.83.

For the S&P index, the subsequent goal comes on the 38.2% retracement of the transfer up from the September low at 5697.40. A swing space is available in under that between 5669.67 and 5688.43.

This text was written by Emma Wang at www.ubaidahsan.com.



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