This post was originally published on this site.The major US stock indices are trading lower on the day, taking some of the shine off what had been a technically positive week. S&P index: down -0.23% on the day, but still holding onto a 0.30% gain for the week. NASDAQ index: down -0.52% today and now -0.09% for the week. For the S&P, the index stretched to a new record high this week, but buyers have been unable to generate additional upside momentum in trading today. The NASDAQ also reached an important technical milestone this week, extending above a key swing...

This post was originally published on this site.The GBPUSD is running higher and is now up near 0.50% on the day. The run higher has taken the price above the 100 hour moving average and 50% retracement of the 2026 trading range at 1.3503. The price is also extending above the month of July at 1.35573. The high prices just reached 1.3561. That takes a price for the GBPUSD to the highest level going back to May 12. Technically, looking at the 4 hour chart, the price extended above a swing area between 1.3543 and 1.3557. For traders looking for more upside...