S&P trades to session highs after the White House tariff pivot

Technical Analysis

Author: Greg Michalowski | spx

Tests 100 hour MA. 200 hour MA close by too

The S&P is trading at new session highs after the White House pivot on tariffs.  The index is still down on the day at 2724.72  (-0.14% on the day, down -4 points) but is well off the low at 2701.74.

Technically, the index is testing the 100 hour MA at a=2724.21.  The 200 hour MA is not far away at 2732.09.  Buyers would be more confident on a move above the 200 hour MA. 

The Nasdaq is trading up 25 points ro +0.34% at 7397. That is a new session high.
The Dow is down -69 points or -0.29% but is also trading near session highs.