Technical Analysis

Dow lags The major US indices are opening at new record levels with the NASDAQ leading the way. The Dow is lagging. A few minutes into the opening is showing: S&P index +5.01 points or 0.15% at 3321.82 NASDAQ index up 25.076 points or 0.27% at 9382.20 Dow up 16.81 points or 0.06% at 29314.45 in other markets:
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Moving away from the 50% retracement The EURUSD is continuing the move to the downside and in the process is moving away from the 50% retracement 1.1089.  The next target would be a lower channel trendline that comes in at 1.10768. Below that is the 100 day moving average at 1.1063. Also near that level is the 61.8% retracement of the move
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