Major indices erase declines. Nasdaq getting closer to 100 day MA

The major indices have erased the declines and the major indices are back in the positive. Technically, SandP is back above its 200-day MA at 3981.17. The price is currently at 3988. The Nasdaq is approaching the 100-day MA of 11057.39. Today’s high just reached 110 3.59 (within 1 points of the MA). The price rose above the 100-day MA on December 13, the CPI day, but quickly reversed. Its 200-day MA is still higher at 11633.81 (5.22% of current level).