The S&P 500 is trading little changed on the day, while the Nasdaq is outperforming with a gain of about 0.30%. Earlier this week, the S&P climbed to a new record high of 7,793.68, although it fell just short of reaching its topside trendline target. The Nasdaq, meanwhile, remains below its all-time high of 27,190.21. Its high so far this week has reached 26,788.62, leaving additional upside levels still in play.
So what does the technical picture look like from here? In the video above, I break down both major indices, identify the key support and resistance levels, and drill down to the shorter-term technical markers that can help define the bias, the risk, and the roadmap for traders in the sessions ahead.
This article was written by Greg Michalowski at investinglive.com.