The US stocks continue to move lower with the NASDAQ index now down -1.62%. The S&P index is down close to 1% is momentum increases lower.
Looking at the NASDAQ index it is approaching its 200 hour moving average currently at 23046.40. The low price of just reached at 23099.23.The 50% of the move up from the October low is also in play at 23094 - just above the low for the day so far.
The S&P has already broken below its 200 hour moving average at 6742.26. Staying below that level would give the sellers in control. The price is also testing/dipping below the 50% midpoint of the move up from the October low. The low comes in at 6735.56. The current price is trading at 6731.
