S&P down -0.93%. Nasdaq down -1.0%. Dow down -0.74%
The US major stock indices are ending the day lower and nearer the lows for the day.
- The S&P was lower by -0.94% or -22.79 points to 2409.75. The high reached 2424.28. The low reached 2407.70.
- The Nasdaq is down -61.39 points or -1.00% to 6089.46. The high reached 6127.98. The low reached 6081.96
- The Dow is down -158 points or -0.74% to 21320.04. The high reached 21433.10. The low reached 21305.38.
Technically, the price of the S&P index closed below it's 50 day MA at 2413.54. The price has closed below the 50 day MA 9 other times in 2017. In April the price stayed below the MA for 7 trading days. In May, the price close below for 2 days. The MA is higher today (2413.54), than in April (at 2354), and in May (at 2369). That makes it an easier hurdle to get below.
The 100 day MA is at 2386.87 currently. A move to 100 day MA would only be a -2.72% fall from the June high.
The 200 day MA is at 2298.20. A move to it would represent a -6.32% decline.
