Broader indices are lower and testing a key target

  • Sellers making a play but there are some buying in some of the large cap stocks. Microsoft, Meta and Apple higher. Micron is lower after gains yesterday
stock wrap
stock wrap

The broader US stock indices will lower on the day with the NASDAQ index testing a key swing area at session lows. The S&P index fell below a swing area and threatens to tilt the bias more to the downside.

However the prices have seen a rebound. In the video above I take a snapshot of the major indices and also take a look at some of the large-cap stocks including Nvidia, Micron, that, Microsoft, Meta, and Apple

What has the declines this week done for the technicals? What needs to happen to turn the ship around.

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