Nasdaq index moves up toward 50 day MA, but it may be a tough nut to crack - ConsultFX

Nasdaq index moves up toward 50 day MA, but it may be a tough nut to crack

Back and forth during and after Powell The Nasdaq index is back higher after up and down activity during and after the Powell interview.  The index did open lower today moved positive on familiar comments from Powell on rate projections, but got a little anxious (moved lower) when he talked about significantly lowering the Fed's balance