Up to 207 points over the day
The NASDAQ index now outperforms the industrial average of the S&P and the Dow. The index is currently up 207 points or 1.86% to 11361. The S&P Index is up 1.57%. Dow industrial average is up 1.68%
Technically, the pair is moving away from its 200 hour and 50 hour moving averages at 11184.02 and 11221.185 respectively. Yesterday, the price fell below these two moving average levels following the sale of Trump’s tweet.
Yesterday’s high – which was the highest since September 4 – hit 11,392,413. Above is the hi swing of September 4th at 11,438.71. The 61.8% retracement of the downward movement from the September 2 high comes to 11,480.218. These are upside targets for the index.